If you are arranging a meeting with someone you haven't seen before, only online, it's perfectly reasonable for either party to take precautions.

That is the good part!Is

If we each bought investment properties, could we each invest into each other's properties, so the opposite party whose money is invested into can freely spend their own money on the property?

For those of you that use 3rd party property management, what are some of the needs your PM has trouble fulfilling?

Traditional lenders use a formal third party appraiser.

So definitely want to ensure all parties understand and agree on the structure.With this being said, I disagree that all limited partners want an upside.

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.

If you carefully read the consent form before you sign it, it gives the lender the right to collect and get financial info from 3rd parties. 

If you want to be sure, you may want to get your own third-party inspection done.

As I understand it, I believe he was referring to a principal in the deal or a party to the transaction.