I currently have 6K to my name and would like to get into a venture this summer while I’m out of school

@Scott Matthew C. thanks for the welcome and i think right now wholesaling is my lane but i know i will be venturing into rentals and flips when the time is right.

The offered agreement is a joint venture, 50/50 of profits.

If you already have a good business accountant from a previous venture is it worth finding a real estate specific accountant?

If this is a short term venture, you can use the same LLC but down the road you do not want to be wholesaling under a LLC that has actual assets.

Research tactics, joint ventures and what not to do.  

He raised over 30 milllion of private money for his investment ventures.  

When meeting with clients the first order is to discuss (A) their personal assets, (B) break down their current investments portfolio and other business ventures before discussing any (C) future goals.

I'm venturing into my first house hacking project with a house that's going to need work. 

One of your biggest potential issues may be insurance if you are trying to use one property for two distinctly different ventures (LTR vs STR).