What if both parties bring funding to the table, how are you splitting the profits at that point?

It's just the getting started part I need help on.

The balance on the condo books would have been accumulating while only a years worth of maintenance would be collectable from the bank, but from a non-bank party, I believe they would have to pay all of the association fees that were in arrears.

Once you have a property under contract, depending on the contract type,  you can assign the rights to the contract to a 3rd party.  

...My credit union (Navy Federal) is a portfolio lender BUT dealing with them can be a bit frustrating , in the end it'll be worth it ,I bought a fixer upper for 15k ,put 20k into it ,my hard money lender already gave it a 63k ARV ,we all know how HML can be ultra conservative for obvious reasons,but I went to Navy Fed to refi out ,they came in with a value of 14k ?     

I see your points.One of the things you might be running into is that the IRS's budget was slashed dramatically after the whole Tea Party/Non Profit debacle a few years back.  

I think one of the only pieces of advice you will see continually given throughout this site and almost never rebutted, is that it is better to be conservative in your estimates and not buy based on best case scenario.

I believe in Indiana, you have to give notice to all known parties who have an interest in the property.

If the residence you sold is a condo wouldn't the owner's association by the responsible party for termite damage to the structure?

So my question is, how do you purchase a property if there are more than two parties involved for an investment?