I guess I could use the tax records once I drive by a property to get an address.  

Thanks Rob. i guess I am mainly wondering where I report their investment, or would I just use the amount (63k) in my cost of goods?  

I don't have the money saved up, or the proper credit to pay for the house like I originally planned before committing, and now I'm second guessing keeping it.

I guess another question is: for turnkey A class rental properties, what are some criteria that have worked well?  

I am guessing that you have something under contract that no one has any interest in at the contract price? 

My guess is the money.  

I guess if a deal is too good to be true there is usually a catch. 

I am guessing your using financing otherwise you would buy with your LLC from the start. 

I guess the reason the're approaching me is because we became acquainted as they had solicited me to invest in another business venture.  

Guess maybe I should get the flipping book I see here on the marketplace because I feel like I need a general overview with a few step-by-step instructions and a list of do's and don'ts.Oh, I am financing the house and rehab and he is doing all the legwork at this point and when we sell he would get his 3% as the listing broker.All suggestions, guidance and constructive criticism is welcome :-)