I have them perform credit checks and background checks which includes criminal and past evictions. 

If you can get better performance from your IRA investing in things like real estate and notes than in the stock market, then that can be a good choice.To compare investing in real estate with tax-deferred funds as opposed to non-qualified funds is not really that meaningful because the tax situation is so different.The question is not so much, "should I invest in real estate with IRA or non-IRA funds?"

@Ali Boone How are the properties in the markets you are investing in performing? 

Assignee agrees to perform all covenants, conditions and obligations required by Assignor under said Agreement and agree to defend, indemnify and hold Assignor harmless from any liability or obligation under said Agreement.

Real estate attorney is the best person for legal contracts that cover every contingency you might encounter.You and your new partner need to clearly understand each other's duties and responsibilities and legal financial liabilities for failing to perform such duties in a timely and legal manner.Look before you leap and know exactly what you are both getting into.

Ultimately this depends on your marketing company's financial performance and the ability to service the proposed mortgage.

yes the northeast in general is under performing in comparisons to other regions. however you lose local knowledge,  but I would at least start looking at data.

https://en.wikipedia.org/wiki/Straw_borrowerOne way that I think this would work to protect yourself is for the two of you to form an LLC and have the LLC purchase the property and obtain the financing, with you providing the personal guarantee.As far as using a 15 or 30 year mortgage to perform a flip, hopefully a lender will chime in on whether that will hurt you from getting another mortgage in the future.

The primary reason you see so many bad PM's is that they don't charge enough and then when it comes time to actually do work they aren't willing to work for free so they end up performing sub par. 

I can't go refinance a rental, buy a fancy sports car and call it rental interest.Does that make more sense?