Knowledge for the most part is the hardest part of wholesaling.

@Justin FernandezHere is one definition of "joint venture": "a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities"For the sake of simplicity and what is most likely in our kind of real estate, let's agree for our discussion that we're talking only about 2 distinct parties (as opposed to 3 or more) joining in the JV.

The more non-institutional you go with a counter-party the less consistent the pricing will be.  

As an investor/agent I think you need to be a little more aware of making sure everyone who is a party to the transaction is happy so as to limit your liability.It can also be a little bit harder to get yourself out of transactions than if you were not licensed.

or is that something that can be calculated right after selling the property and figure out the profits for each party?

But if costs to hire a professional to mitigate damage are still under the security deposit amount, I suggest you go with that route as that provides a third party to verify that there are damages present and cost you money to take care of them vs. tenant perceiving you as making up damages and repairs which you supposedly repaired.

If only I could sell memories... lolThe best part is she called him to let him know he's way out of her league XD

These activities by a disinterested third party would be considered real estate brokering in my state and require being run through a licensed real estate brokerage.

If you were to go to a third party lender on this size deal, the loan would have personal guarantees so that inherent in the seller financing is the concept that to sweeten the deal, the seller is providing you an economic advantage hence the higher price.

The sad part is that we like most other people out there are not asking g for something for nothing but the invested have forgotten that at some point in time someone helped them out and took a risk that they are now not willing to to but they still want to concidering themselves "investers".