@Nan EverhartAs a disqualified party to your IRA, you should not serve as the agent for plan transactions.  

After repair value of about 170k (based on comps it says 171k, I'm thinking 165k being conservative).  

Knowledge for the most part is the hardest part of wholesaling.

@Justin FernandezHere is one definition of "joint venture": "a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities"For the sake of simplicity and what is most likely in our kind of real estate, let's agree for our discussion that we're talking only about 2 distinct parties (as opposed to 3 or more) joining in the JV.

The more non-institutional you go with a counter-party the less consistent the pricing will be.  

As an investor/agent I think you need to be a little more aware of making sure everyone who is a party to the transaction is happy so as to limit your liability.It can also be a little bit harder to get yourself out of transactions than if you were not licensed.

@Doug McLeodI can not say about those units as the street name does not sound familiar, but if its that area I would suggest doing some due diligence and erring on the side of being conservative 

or is that something that can be calculated right after selling the property and figure out the profits for each party?

But if costs to hire a professional to mitigate damage are still under the security deposit amount, I suggest you go with that route as that provides a third party to verify that there are damages present and cost you money to take care of them vs. tenant perceiving you as making up damages and repairs which you supposedly repaired.

If only I could sell memories... lolThe best part is she called him to let him know he's way out of her league XD