In other words there is documentation showing what they say whether it is from the MLS past sales history or reports from a trusted unbiased site like Crompton, RPR.....

When I looked at county recorder web site the 62k was written as 6,234.00 On the original documents.

Or is a separate CRM/excel document what the cool kids are doing?

The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says the private lending mortgage broker acts as escrow agent for borrower and lender to hold said Quit Claim Deed: (Escrow agent = private lending mortgage broker) with the following terms1.Borrower agrees to deliver to Escrow Agent an executed and notarized Quit Claim Deed running to Lenders for the properties2.

Check their criminal history make sure everything checks out.

@Obaid M. ask to see proof of rental history from the seller and if property is not far from you go talk to the tenants and find out if they plan to staygood luck

As such, it is good to ascertain tangible goals and time frames, investment objectives, and so on for the partnership BEFORE it's formation and incorporation.3) If you form a partnership - CRITICAL - insure that you have a dissolution agreement in place BEFORE you incorporate, as part of the incorporation documents. 

I have strong credit (760) though my wife has a limited credit history as she is now immigrating to the country.  

I used this for when I looked here in Chicago and Found an attorney that makes my life 10x easier with communication with the title company, receiving documents and forwarding documents plus all the emails they handle.

I never advise someone not to see their attorney or other professional, what I can tell you is that a note is a pretty standard document, easy to understand and straight forward, so is a standard deed of trust as a security document.