You probably have to share some of the profits with your partner but if it increases your hit rate on getting awarded deals, you come out ahead.Your competition is likely submitting offers with a 30-day due diligence period and then 30 days to close and few to no other contingencies.

I believe they used more to qualify the buyer than to set value but it does include a rent based value in that section.Significantly below market rents present an opportunity (with often a short term hit to cash flow) if the property value was based on cap rate such as for 5 units or more. 

Looking to team up with a Realor to create a funnel for deals. What should be some things that I ask first to ensure that we are both on the same page?

I would be happy to add you to my investor list and keep you updated with deals, before they hit the market.

Take the hit, take the rest you wind-fall and do what ever you want.Have fun with your cash - be conservative and always ask for seller financing when making offers to buy - we call it "contract candy", anything the seller can add, all the furniture, car, cash back at settlement, seller financing, a lot he may own, a home warranty - etc (also called "can-adds).

However at 6' I am able to stand in the majority of the room space without worrying about hitting my head. 

@Patti RobertsonPatti hit nail on head.

We will hit $30k come October 1st. 

I live in northern Canada (so I understand there are legal differences from our neighbours to the south) and would like to start a real estate investing corporation with a few coworkers.We would be a group of about 5-7 individuals investing in Canada with options to spread into the States if things go well.What I would like advice on is what kind of verbiage to include in our contractual agreement (bylaws, unanimous shareholder agreement, etc.).

Hey Don, you can also try hitting up Dan Grubb at ABNB Federal Credit Union to see if there's anything they can offer.