@Andrew Jambor Aside from the structural issues on your deal, you are essentially asking a) how to out-sell a RE broker, and b) how to out-market the MLS. 

I'd like some advice on how to structure a partnership between 2 individuals with the following skill sets, for the following goal.Goal:  To acquire rental propertiesSkill sets:Person 1:  Real estate knowledge, license, find/vet deals, handle negotiations, legal, tax, bank account, collecting rents, finding tenants.

Where can I get a contractor agreement and how to structure the project to be beneficial for both me and the contractor working on the project.

Anything structured the right way can be profitable, and anything structured the wrong way can bankrupt you.

The home inspection should cover all structural and equipment issues.

My structure in my opinion addresses any dodd frank issue and license issue that I can think of but again I wanted to see where I have left myself open to risk and would sincerely appreciate feedback.Sorry for the long post, and thank you in advance,Rob Krach

To my knowledge, there is not a single underground parking structure in town (maybe on a few homes, but really can't think of an example. 

@Kevin Reid This sounds like a decent deal depending on the interior renovations, assuming the exterior and structure are in great shape.

Meet with a mortgage broker to see what kind of loan programs they offer and what they count towards income, then you'll know what you can structure to help the sellers out. 

Ok I got this seller he has a 2bed/1bath 1064 sqft. House he paid $45,000 in 1996 he is now asking $64,500 or he is willing  to do a lease purchase with $20,000 down, $500 a month, for 10 Years. The ARV is about $75,0...