Quote from @Alek Fort: Hello,If you are both in agreement on terms and %, then I would think almost any title company would be able to assist you with both the contract and closing. 

Depreciation is typically allocated according to the ownership percentages outlined in the partnership or syndication agreement, which are set in advance and follow certain rules under the tax code.However, some syndication structures can be designed with different classes of partners or special allocations, but these arrangements are subject to complex tax rules, such as the "substantial economic effect" rule under Section 704(b) of the Internal Revenue Code.

You use their money to buy deal one, you renovate, rent, and refi with bank debt, to pay off their loan, but the agreement is they keep that loan available to you until you find the next deal.  

A lot of those items should be within a typical lease agreement.

Since most real estate purchase agreements do not assign value to each category, taxpayers must understand what options are available to determine the appropriate allocation to land and building.Taxpayers are required to separately identify the value of non-depreciable items (i.e., land) from the depreciable building and site improvements.

I was able to talk to several great leads, but when it came down to locking up a deal, they don't even provide you with a Purchase and Sale agreement.  

I am new to investing and after a few deals that had multiple other offers that I didn't win out; I did execute a purchase agreement last weekend but doing more analysis on the property and potential rates being 7.5%, appears to be very tight to limited cash flow.

This can be a pretty significant administrative burden as well.What you will likely want to look at forming is just a multi member LLC, taxed a partnership, with a manager (you) and draw out the terms in an operating agreement.

You probably didn't read the contract, their lease agreement, or their website, and you didn't know how to interview them.

You should of signed a buyer broker agreement stipulating how much you're going to pay your agent.Good Luck!