One the the most common contractual consideration elements is mutual promises … “in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged…”A promises to pay B the amount of $X on Y date for the property commonly known as Z lot.

That can be you getting on numerous local wholesaler lists.

@Collin DeWese - SW Florida is a really hot market and we have been doing numerous projects for investors and homeowners alike.  

I'd seek out a mentor on BP that's actively participating in syndications.As you have capital, there are numerous ways you can invest it and get the benefits from real estate: Direct Private LendingTransactional LendingInvesting in NotesLending to a Hard Money LenderBuy-and-hold (Residential, Commercial, Etc)BRRRR (This is flipping and buy and hold combined with a refinance)The wealth is derived from passive income, which is why I'm not mentioning flipping or wholesaling.

Things have been going well, and  I have been exploring how to ramp up.  10 years from now, I'd love to have passive income from numerous rental properties.

I would say because it's not a "common element" and only unique for that owner that he should pay for it.  

Definitely many legal issues at play here, but I'll give my side of the story before starting this process to see what you guys think (besides the fact that I'm incredibly stupid & naive for breaking numerous rules against renting to friends, co-workers, etc.)....- A new [at that time] co-worker heard about an unoccupied house I was essentially using for storage purposes only, then tells me he'll pay me to rent it out. 

@Jacob Elliott Depending on numerous factors such as: neighborhood, price/sqft, risk tolerance, cash flow versus appreciation desirability, and more, this will determine the amount of money you will need to bring to the table.

Do your due diligence and overestimate your expenses and underestimate your rents in some cases so you are confident the asset will perform through numerous market cycles.https://learn.roofstock.com/bl... 

Do your due diligence and overestimate your expenses and underestimate your rents in some cases so you are confident the asset will perform through numerous market cycles. https://learn.roofstock.com/bl...