If you need financial help, ask under the "Finance, Tax, and Legal" forum.

And, the longer you wait to act, the longer the squatter stays - and even gains some legal protections to stay while your waiting on a slow court system to act on an eviction. 

The disclosure must include:1. that this is an equitable interest2. if wholesalers does not have legal title and may NOT be able to transfer title

This is not tax or legal advice, just what I personally do, consult your professionals! 

Hi @Kenzer Hodgson to @Sarah Kensinger's point above, I'm not a fan of so many people spreading legal advice/insight on the forums, but at least it's better than Instagram/Facebook and YouTube. 

I am too lazy to look it up, but pretty sure it is legal.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Perhaps if your partner was a general contractor or handyman type there may be some merit there to reduce costs / increase profitability.If your partner enjoys deal sourcing, a better move might be for him to become an agent - so he could legally collect commissions from finding deals and managing properties for multiple people. 

Honestly, I would not sign any lease until you positively close and legally own the property.

Check out Every Landlord's Legal Guide by NOLO.