Are there any advantages to forming a legit business partnership instead of being independent investors who work together?

They may be able to give you a good, independent, 3rd party opinion.I have their contact info that I can PM to you if you cannot find it and want to check with them.Good luck - hope your purchases turn out to be what you expect!

Does this mean you have to do additional paperwork in regards to things like Independent Contractor Agreements, since you are now the one paying them directly?

I used an independent agent who found a good plan; he also shops me around again each time there's a threatened rate increase.

This Friday is my major training day all day, I have put together independant contract agreements, confidentiality agreements, etc for employees.

I never let the other party hold earnest money.Either my clients attorney holds the earnest money or the independent title company holds it.

also try "independent bank". . if not let me know and I will get u more names. 

Can you please share with me your contracts that specify general terms between an owner and contractor who is completing some remodel work? I want the contract to be as simple as possible, but still cover the bases. ...

He's the kind of guy who is very independent and would take the hands-off approach...

I absolutely love the control and independence!