I spent many hours trying to resolve issues created by kitchen table deeds.Deed Elements and Recording Requirements in Illinois | Attorneys' Title Guaranty Fund, Inc.

In business its leveraging technology and your skill set to find unique ways to make your processes efficient, cheaper, faster, and to be able to scale it.

Each location is unique in some way.  

It doesn't sound like your partner is bringing much to the table.  

One of the amazing things about real estate is that there are so many unique and different skills that will help you do well.

If you haven't done a cost segregation study on it or brought it into compliance with the Tangible Property Regulations, you may be leaving money on the table that you could use for some of the remodeling.

If the tables were turned and he never received money that I wired, I'm quite certain he would not be the one responsible...Would love to hear if anyone else has had similar issues...

I believe that the incentives set up for owning real estate help to create an attractive environment for investors and currently with inflation so high, real estate is a tangible asset that can provide unique advantages over other investment vehicles.

This is just one way to structure a deal, but is a good way to "sell" the deal to an outside partner that's bringing in the biggest chunk of capital to the table. 

The search has been easy because the person's name is unique,only one such person in the county and the property only had one prior owner.