There must be a hundred ways to set up a formal relationship with a partner in real estate.  

Noob wholesaler question...Came across this property description in the FSBO on Zillow:**JUDICIAL SALE OFFERED BY MECKLENBURG COUNTY CLERK OF COURT, SUBJECT TO 10 DAY UPSET BID & CONFIRMATION BY CLERK OF COURT**CONTACT COMMISSIONER: (removed name / email) CONTACT TO SET UP SHOWING/MAKE OFFER**PROPERTY SOLD ?

In the spirit of full disclosure, I do want to tell you that I offer formal consulting to folks at an hourly rate.  

Virtually all loans in Nevada are with a DOT and you can do a non-judicial foreclosure.  

If you have a partnership or formal business arrangement whereby your compensation is derived from or increased through profits, then read below:I have been told at least three attorneys from three separate states, Florida, California, and Arizona that if your an agent representing an dependent party such as a buyer or seller, you cannot represent yourself too.

I find the combination of the formal application w/ credit and background checks along with an application fee weeds out the price shoppers and many of the problem tenants before we invest any effort in qualify them.

I would review the lease agreement that is in place and ensure it says something about tenant does not have permission to make repairs or that the landlord is not responsible for reimbursement for unauthorized repairs and look the current owner of whether a formal authorization was given.

Also there's more flexibility generally with this type of name, meaning you might not have to worry that much about exclusivity.So you're formal name might be A&K, Inc. while you're alternate name might be something totally different like "Golden State Investors".

Just to add to James Vermillion's very good advice, here are some examples:If you want to focus on rentals, buy a modest single family or a duplex, don't listen to the guru's who tell you to buy a 100 unit building (or even a 10 unit building) the first time out.If you want to rehab, buy a starter home, not a waterfront mansion.If you decide you want to focus on commercial, get some formal education in CRE first - either through CCIM classes, or go to work for a commercial RE company.

Don't get in a hurry but you can study the basics anytime, stay away from guru stuff, it will mess up your learning process, conflicting matters may easily arise so stick to the formal stuff.