I personally haven't done this but I have helped clients do it in the past.Hit me up if you're interested!

I use it for my personal portfolio as well.

If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan. 

Personal loan for renovations How did you add value to the deal?

The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.

He’s not a pushy salesman, and I’ve got a business partner who has worked with him for the last 10 years without any issues.As for your situation, I wouldn’t say it sounds like a Ponzi scheme, but I’d strongly recommend meeting with the fund sponsor in person and asking as many questions as you can.

And what if the one person you didn't check has a criminal background, has collections, and more?

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.