If anyone has any advice on this process or obtaining loans for this type of investment that would be very helpful.

Either way, you need to take the legal steps to obtain exclusive possession. 

This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).

To start, I’d like to ask you a question: What is more important, purchasing real estate where you can obtain 100% return of your capital through the BRRRR investment method but otherwise break even or even worse lose money or alternatively  leave some of your capital in the deal but earn a profit when the property is sold? 

I am looking foward to learing what ways I am able to invest more into real estate as well as using the benefits to obtaining more and more properites. 

Two of the partners obtained their sales licenses and also perform all brokerage responsibilities.

You won’t obtain accurate information about your contractural obligations fromReal estate brokerSellerMentorBP forum members who haven’t even seen the subject purchase contractSo, where to you find an UNBIASED, ACCURATE, EXPERIENCED opinion of where you stand?  

They can choose any business name they prefer and then obtain an EIN for it.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.