It definitely sounds like you're on the right track.  

It would need to move on floor and ceiling tracks. 

I would just add that you can subscribe to a free credit report tracker like Credit Karma to track your score and monitor for inaccuracies. 

If the property is going to hold the property and financing is involved it could be difficult to get financing until the business has income and a track record. 

From what I have seen- unless you have a sucessful track record in the business most general partners put down at least the minimum share. 

In the meantime, you should probably be keeping a P & L on a spreadsheet to keep track of transactions.

In Conclusion While it is impossible to predict what will happen next in this uncertain world we are living in, RealtyMogul will continue to track global events closely and work hard to understand risks and how they may impact domestic real estate on a national and local level.

. :)If the agent can also show me their own track record and/or some successful client stories/deals that would lend itself to provide me with a higher confidence in where I was investing and the agent I was using.

Most states have systems in place to track the owners of each parcel, so if you know what county the houses are in you can google " 'blank' county tax assessor 'state name' " and they should have a place to search for the address.

This is a much safer way to go, provided you are lending to flippers who have done 50 homes or more and have a proven track record.Best Regards