Everyone joint ventured in a project is motivated to get it done so even if one party can't be physically present time sensitive decisions will be made and everyone informed.Let me know if you want any specifics.

The hard part is all the regulations and hoops you have to jump through in order to create the assisted living business.

However, I am not sure how I would set up a business in which both parties are rewarded fairly.

The important part is to run your numbers with a vacancy rate, if you have less or none then it's just gravy.

You see the FCRA is a federal law passed and amended to improve the quality and accuracy of background checks while protecting the privacy and civil rights of all parties. 

They can have a third party (escrow) verify that the funds are sitting safe and sound within their escrow company.

It can be a process server, the Sheriff's Office, or anyone over the age of 18 who is not a party to the lawsuit.

I ask these questions as a general third party who is not familiar with that market. 

As a licensed agent, you have the burden of disclosures with the parties involved. 

Now, I don't actually know, but I will speculate that this agent will put the seller's house under contract then market that contract to their stable of buyers.Outside of that, I've never actually heard of an agent or broker buying properties for resale, though I'm sure it actually happens occasionally - just not as a matter of practice.The whole question of licensing for wholesaling seems to be a legal grey-area, especially when one gets a MLS-listed property under contract with the intention of then selling that contract to another person/party.