Usually this is specific in the actual loan documents and that's what mine was.

That way you have a document you can enforce if the situation goes south.

Also, would you recommend seeking a lawyer to prepare contracts for wholesaling or can I just receive help from a real estate agent to prepare the needed documents? 

If an investor is a limited partner, they must understand that the gross profits will be diluted by the compensation that’s paid to the manager and should have an understanding of how much of the deal’s profits they will receive if the deal is successful.

The 1031 process starts with the sale of your old property and a qualified intermediary must be in place prior to the sale to document and hold funds.  

Escrow is asking you to provide 3 documents.1.

Hello all, So far I have only done buy-n-hold rentals in LLC partnerships that were taxed  as pass-through entities and I received K1 for my part of things. 

There is no easement or legal documentation in the deed.

Thank you all for your responsesSo just so I got it:it probably wouldn't benefit me to use a HELOC for a rental property as the cash flow wouldn't be substantial enough and I'd have to continually pull from the HELOCEven if I do receive a HELOC for 80k, if I pulled 50k from it, I'd only be responsible for INTEREST ONLY of the 50k I pulledtheir will be closing costsDoes that about sum it up?

Two years ago, I received maybe one or two generic letters a month from wholesalers asking if I wanted to sell one of my rental properties.