@Colin Youn You might want to read these: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investorhow-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesPrepare your partnership with these questions first:questions-for-capital-partners/real-estate-partnership-questions/questions-ask-investment-partners/If you decide to proceed, I think you should have an LLC formed going in a limited partnership with your(s) partner(s) LLC.

Do they have all the programs to properly take care of all their needs?

I live in the East side of Tucson and since moving here in June of 18, notice that investors buy these houses at a price that doesn’t allow enough $ for a proper rehab.

Properly screening them.

I'm curious as to best practices people might use to evaluate market value properly. 

This may be a good solution for you but be sure to understand the law and operate it properly so you don't lose the protections afforded.Most investors I deal with own the property in their own name.

I handle several section 8 apartment unit properties so it would be a pretty simple matter to evaluate the rent rate through government support, guaranteed rent definitely helps me sleep at night (provided our president doesn't shut the government down long enough for HUD to delay rent payments).Let me know if you want to seriously run the numbers on this place presuming you have the equity to get financing on this deal (175,000 for 10% down, $87,500 for 5% down, etc).

I met with a broker last night for more information on their brokerage and the types of fees that would be involved.My state, Michigan, has a licensing department that has all the information there.

We will obviously ensure they carry proper insurance, abide by the law, and submit to regular inspections.Question: if they live in the home and operate a business, would you charge them additional rent for the business side?

Were you at the Marion County REIA meetup last night in Ocala with attorney Danialle Riggins speaking?