I just feel that without something in writing I have no control of how the place looks or what the tenants can and can’t do.

I would venture to say the other one you had under contract that didn't go through because of something else, would have been held up like this one is once someone had to actually sign off on the appraisal.Best of luck 

@Stuart Van Ess Either way you structure, just make sure the difference between Syndications and a few partners that you know for a joint venture.

I am starting an LLC but have decided not to open up a business account and deposit the rental income through that type of account, I’ll be using the LLC for another venture.

You can only control some things while other things will always be out of your control. 

My problem is, since I'm going through an eviction process with her, I can't change the locks and I have no control over who she lets in the property.

That being said arbitrage is an incredible way to get started with little money, lots of control and lots of upside.

I would say if you’re simply not interested in Indy (I mean at least worth the Wick’s sugar cream pie ha) you should venture into the Midwest more and look for other ‘like Indy’, historically flat markets.

What is not allowed is this concept of wholesalers "joint venturing" to wholesale each other's deals.

I did not have full control of the repair money due to it coming from my GC.