Rent Range: $600-775 (The MLS does not specify individual unit prices)Gross Income: $164,700 (This seems really, really high... less than 1% vacancy in a C-/D area seems highly unlikely to me!)

Just curious: what kind of deal are you structuring with this individual?

I'm an inexperienced newbie but are you guys not retyping and printing out individual agreements for each deal?

I'm willing to learn from all individuals who know the business or even know more than myself and I will soak it up like a sponge.

I commend you for reaching out for help.Just be weary of who you place your trust in, do your due diligence on the individual.

As an individual home investor, though, I agree with Josh. 

As far as frequency goes that's an individual thing measured by your level of sophisticationa and knowledge. 

It states:"THE GRANTORS Joe Jones Jr. and Janet Jane Jones, husband and wife for and in consideration of TEN DOLLARS AND OTHER GOOD AND VALUABLE CONSIDERATION in hand paid, conveys and warrants to Charles David an unmarried individual the following described real estate, situated in the County of King, State of Washington."

@Alexander PezzuttoWe make private loans to rehabbers and others and always secure them as a first or second mortgage against the property (or perhaps another property owned by the individual).  

I believe that any smart individual can be successful at virtually any level in Real Estate.