The property also has a second structure, the in-law suite, which was probably a garage that a previous owner had converted to a 2/1.

There is no substitute for being physically present with experienced investors.Let me know if you need any help finding other resources to help you get started!

How do you structure the deal with a wholesaler?

In real estate, equity is typically structured so that all investors earn a preferred return until they hit a certain annual return hurdle (i.e., 8%).

Just make sure that you have someone inspect the house to make sure that the structure is sound.

@Andrew Jambor Aside from the structural issues on your deal, you are essentially asking a) how to out-sell a RE broker, and b) how to out-market the MLS. 

Hello, my name is Derek Curtis and I'm a physical therapist assistant from Springfield, MO!

I'd like some advice on how to structure a partnership between 2 individuals with the following skill sets, for the following goal.Goal:  To acquire rental propertiesSkill sets:Person 1:  Real estate knowledge, license, find/vet deals, handle negotiations, legal, tax, bank account, collecting rents, finding tenants.

Where can I get a contractor agreement and how to structure the project to be beneficial for both me and the contractor working on the project.

Anything structured the right way can be profitable, and anything structured the wrong way can bankrupt you.