I am not interested in receiving a real estate license.

Contact your local housing authority and ask them about the procedures required to rent to tenants who receive rent subsidies from the Section 8 program.

The webinar was pretty helpful for me, and can be found here, It's called: "How to Analyze Properties for Maximum Cash Flow":https://www.biggerpockets.com/proreplayYou can even print out the PDF reports of all the numbers since everything is broken down, show others, and receive input since each situation can vary for each property that you're looking at. 

BP Community, Do any agents in CA receive a % of an assignment fee from wholesalers for finding properties, and if so, how do you have it written in the/a contract? 

And in that case, yes, the zoning authority may deny the application based on negative feedback they receive from the neighbors.

I've been tossing an idea around and I'm hoping to receive some feedback. 

How are joint ventures setup, what document is used to make sure you have rights in the deal?  

In the back of my head I feel like there's a loophole I'm missing and he's going to walk with my money.Should I be paying the premium of having an attorney draft all documents and handle the transaction when the purchase price is so low in the first place?

Is there any chance to receive a financial backing to move ahead with this project? 

The first time you receive the money (from your day job, other investments) it will be taxed as income, then after you pay yourself it will he taxed as rental income again.