CA especially were the OP is from there is an inordinate amount of RE agents vis a vi the general population. everyone has a brother sister cousin who is an agent LOL.  

I believe they (bank) would want to make sure each of them is the 1st lien holder, and that doesn't seem possible with 2 banks.Have you run this by your lender since you would like to keep them and your partner wants to keep hers?

Could be all good and fine but could limit things if someone else needed access to that banking account that now has only her as signature holder. 

We tend to get people who are first time voucher holders this time of year.

If there's a mortgage, the holder will usually file for a Protective Order(PO), basically extracting the property from the BK. 

You are equity holders and they are debtors, which may or may not be fulfilling your partners goals of ownership, but may fulfill the income.I would look into the co-ownership structure.

(e.g. buy and holders may be paying 85% ARV - repairs or higher).Honestly, it is really, really hard for newbies to do wholesaling well because you need to be an expert in marketing, comping, and estimating rehabs.  

The 401k holder is basically taking a loan from himself and paying himself interest while the money is out, plus whatever interest they are receiving from you.

You can make a boatload on a low CAP property/market, and you can lose a boatload on a high CAP property/market ... and visa versa and all points in between could be true too.

(Not in order)1) Check and Replace Smoke Alarms every 6 months2) No 100 Watt Light Blubs allowed3) No Daisy Chain of surge protectors, max of 6 items per wall outlet which has usually has two.4) Keep candles in a sturdy holder on a level surface, away from combustible materials and out of the reach of children or pets.