I presume he is selling the house in the end {for which he will get commission}.What else is he contributing in exchange for 50% of the net profit?

Also there are a handful of San Francisco Bay Area BP'ers who have started meeting informally to network and exchange ideas.

Offer to look at properties for them in exchange for him/her teaching you how to evaluate deals, estimate costs, etc.

Besides the normal precautions with having a tenant do work in exchange for rent, would you advise installing granite in a rental?

The only way around it is a 1031 exchange.

Require a minimum 60 days from the time they excersize their option to the time you close and use that time to find another investment to 1031 exchange the capital gains into another property tax free. 

At the same token I agree I dont want to be friends with her and exchanging cooking recipes... ect @Tim Crosby I see your point as well.

Setup CA LLC & register that as a AZ foreign agent?.

We unfortunately never got to the point of writing up a contract just exchanging e-mails for scope of work agreed upon ace verbal agreement on price.

Hi all,For those unfamiliar with the South Florida (east coast) market, the influx of foreign investors with cash seems to have seriously skewed the evaluation criteria of properties.