@Jim CummingsPartner has assets and no w-2.

@Sterling Hill to my understanding, properties greater than 4 units are considered commercial and thus need to obtain a commercial loan.

I am buying a house cash. what is the best to protect my asset.1 Putting it in my name?

Well start by only looking at properties that have your desired asset class on them, usually with these lists there is a ton of vacant land that nobody wants that shows up over and over again. 

@Gregorio Martinez The capital gains tax does NOT apply on assets held less than a year.

This means experience, cash, assets, a job etc...

Invest in a market and asset class you know inside and out.

I believe most wholesalers do not indicate that they will pull out of the sale if they fail to obtain a buyer.  

The situation is this: My Grandfather passed about 20 years ago and left his estate to 4 children, uncle1, uncle2, aunt and my fatherThere are multiple properties/parcels (6 total) in the estate that are co-owned by the 4 siblings, all 4 names on the deeds.Uncle1 defaulted on his personal mortgageLien holder(bank) repo’d his home but home was underwater, and thus still owed beyond the repo.Lien holder found out about the shared/partner assets that uncle1 had with siblings and decided to go after themI'm not clear on the exact process, but I believe the bank will take possession of uncle1 (1/4) share in the partnership properties then will legally force the 4 way partnership to be dissolved through a court proceeding.The other partners or another investor are able to buyout the bank owned (1/4) share at an appraisal price.The appraisal is filed with the court so there are no shenanigans with valuationIf no buyout then the whole property goes to sheriff saleTwo of the parcels are rental income farmland, these are the ones I'd be interested in investing inNobody in my family nor my grandfather are/were farmers, the acreage has always been rented outI’m trying to determine whether I can buy out Uncle's1 share from the lien holder bank at the appraisal price with an IRA LLC and become the 4th partner?

Also, if they use net income, you have to prove solvency (take basically a quick ratio or measure of current assets to current liabilities).