The reason as I understood it was that a Partnership opens up liability for the actions of either partner.

Luckily, the town inspector understood that i was going to fix all these things and gave a CO anyway.

Make sure you understood the contractor correctly and as stated above get a couple other opinions.   

i never understood people trying to wholesale REO's the REO sellers for the most part will not allow "and or assigns" on the contract, so unless you do a simultaneous close, and use someones money for a a day, i dont see it working out well, besides, your gona forfeit the ernest money if you dont get a buyer, just find the money and buy it, and resell it legitimately  

When my wife and I began RE investing 17 years ago we had a difficult time trying to find a realtor who understood RE investing. 

Understood. 

When signing my lease, I understood that I was charged the same rate as all the residents regardless of my usage. 

I've had a long term passion to get into real estate because I understood the potential.

lol Never understood the dislike for our market here, while we didnt see the big "boom" other areas did years ago, we didnt get the big bust either, its steady and gradual on the whole but you definitely do need somebody that knows the area well as values change dramatically even street by street.

@Kareem Lyons Understood - just keep in mind that whether the price tag is $100k or $10M, the process is still the same.