Hi all,Potential motivated seller but I am not sure if I am looking at this situation correctly.Property A - the seller want to sell for $339kProperty B - the owner/seller of Property A is in foreclosure and needs the...

As far as a traditional partnership, of course there needs to be safeguards in place in order to protect each persons interests.

I just got a call from him out of the blue that he needed a time sensitive WDO done and he would meet me at the house.

The most prevalent issue I see is that I would have someone working with me part time, which is concerning given that real estate is such a time sensitive business (submitting offers, following up on leads, etc.).

Experience is a cruel teacher, but learning and safe guarding your home first is important when you are getting started.

I have found since I have been in bigger pockets I have ran across some of the most rudest buyers who want properties but want you to work for free...I am not sure where in america it states free but I feel like this we as wholesalers, marketers, Consultants should be able to make a living as well and not just hand out properties and buyers run with them..Some of you know who you are..I run a business been in business 3 years going on 4 I have never ran into a bunch of men who whine about a piece of paper to safeguard me and my family.

In the 1930s we didn’t have the financial safeguards that we do now.

Laminate is very sensitive to liquids, if not wiped off promptly, it can be ruined.....

My financial situation is that I have a little more than that $50k down for liquidity that I want to keep as much as I can as safeguard for vacancy or repair.      

What kind of returns can I expect for this duration, and what kind of safeguards can I put in place to protect my initial investment?