I also agree that a lot of wholesalers have no idea what they're doing, and that they start cutting corners when they realize it's not the get-rich-quick scheme that they were led to believe.

I am thinking you mean that is your cut and he gets 85-90% ?

My option, of course not knowing your state laws, would be to simply say know and allow the tenant out of the lease so that you can find a qualified tenant.If you are not legally obligated to accept welfare tenants get rid of them.

This is simply a different business model of handling investments so as to expand your choices for the IRA beyond conventional financial products.

@James Thomas Nakashian Unless you have separate utilities that the tenants can each put in their own name (it doesn't sound like you do), you'll simply need to adjust the rent appropriately for a utilities included apartment.

If you're willing and able to be more hands on, cut your teeth on a few flips or use the BRRRR approach on a few self-managed single family or residential multi-family properties. 

Simply put, if you have 40-50 MPG Toyota or Honda, mileage deduction would probably be your best option, but if your car is 12 MPG Range Rover, chances are you would be better off having this one as a business car. 

Is there a way we could co-sign on a mortgage, or simply have the title to the home in his name and I transfer a potential down payment directly to him?

Never could figure out why folks would go to all the trouble to chase these deals down.. go get their cashiers checks and then simply could not be to the sale on time... and especially in our market were competition is dog tough and not that many deals go 3p anymore.. 

The first spending cuts people make during a recession are in vacation and entertainment, so any vacation market economy is very volatile to price swings.