In my day job, I am a corporate and securities lawyer and I frequently help real estate developers structure the legal entities they utilize for the investments and also comply with federal and state securities laws in connection with bringing on investors.  

Is there a deal structure that would allow them to get the tax benefits w/out being on the deed or involved long term?  

The property also has a second structure, the in-law suite, which was probably a garage that a previous owner had converted to a 2/1.

How do you structure the deal with a wholesaler?

In real estate, equity is typically structured so that all investors earn a preferred return until they hit a certain annual return hurdle (i.e., 8%).

Just make sure that you have someone inspect the house to make sure that the structure is sound.

@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.

I really want to get out of my shell and get to learn a lot from others as well as help others!