I come from a professional commercial construction background with a Bachelors in Interior & Environmental Design and I currently work from home in E-Commerce/Marketing (hoping to blend all these backgrounds into a real estate investing :) I had a specific opportunity recently come up that I'm needing some advice on...

Bringing in an equity partner requires legal counsel.

@Jay Hinrichs Out here with either HML or private money you will definitely be paying for legal -- title exam, preparation of loan docs, possibly more. 

With that income you can legally with right strategy pay close to 0 taxes. 

I checked the permits on the building and have not seen any pertinent to the conversion, so I am assuming it was not done legally or potentially up to code and certainly not with proper zoning approval.

I'm wondering if you guys can give me some legal advice. 

Do not rely on it as legal advice.

Explain all this to the tenant, share with them the lease you plan on having them sign, and plan to meet somewhere after closing so they can sign your lease.Note this is not legal advice.

I called Auction and they have said send an email to legal@auction dot com and I haven't heard anything.

I  asked him how this is legal and they stated the practice is "wholesaling".