The seller wouldn't provide the rental agreements until the purchase contract was in place.

My response rate has been in-line (2-3%) but I have only received 4 signed purchase agreements. 

@Ramsin Jacob 1. yes, we get w9 from all investors2. we cut them a check or wire their funds at end of flip. or if they want to re-invest in a new deal, we do that.3. i think you can do it the way your CPA said, but we have investors trickle in at multiple times, and deals move fast and w/ about 5-7 investors per deal, we keep it simple w/ loan agreements.

And never sign an exclusivity agreement with any broker or agent.

---I have been using the BRRR calculator and assessing various cities/states (because where I live, it's too expensive to make the numbers work) and finally found where the math works out. 

That means everyone is cramming for finals.

Never sign an exclusivity agreement with any broker or agent.

I’m new to BiggerPockets and very excited to finally take the plunge and officially join the community.

Finally, if anyone has done this in NJ, I would love to hear your experience.Thanks.

If you simply don't send them the right financial documents as agreed upon in the loan agreement, you could be held personally responsible.