What Are Joint Ventures, and Why Are They Beneficial in Real Estate?

I would recommend sitting down with an attorney so they can outline what the process will be like and their rent for closing the selling and what documents they'll need from you (if any because they can draft them).if you decide to sell to a residential buyer, make sure you're confirming that they are able to finance it or that they have cash to purchase it.

A buyer agreement is the legal document that provides the agent with the assurance that he/she will get paid if they work with you to complete a real estate transaction. 

That bathroom would be conveniently located abutting the 5th bedroom, so we thought splitting that 8x12 space into two full bathrooms (1 reachable by the master bedroom and the other reachable by the 5th bedroom) may be beneficial, but we're torn.

These loans are more time consuming, challenging on documentation, and other red tape than you can think of to be honest. 

. - if you do this make sure it is well documented so that your eviction will not skip a beat if something goes wrong. 

@David Cherkowsky    This form is used:  https://content.enactmi.com/documents/calculators/Form1038.C...   

I've heard mixed opinions about wholesalers getting their broker license some say it's beneficial while others claim it's unnecessary or even limiting.. what's your take on it?

They are supposed to send me all the legal documents needed to transfer the payments to whomever is inheriting the mortgage. 

I also use a 1-2 page document ready for the appraiser to share with them what has been done/completed on the house as well as a few "example properties" (aka comps) that I modeled the rehab after.