We are hoping to team up with a local individuals that are knowledgeable on the area and understands what to look for in an investment property.

This will avoid the person running away with your money and will allow other contractors to potentially provide feedback on his work(to see if they are good or bad).Yes - this does mean having to individually hire and find contractors for electricians, plumbers, roofers, flooring people.

I've actually already met some phenomenal, like-minded individuals on this website that I'm VERY excited to collaborate with and grow, and if anyone reading this would like to work together, great! 

You can search by company name, or an individual's name, to see if they're licensed here: https://nmlsconsumeraccess.org/If you just want to verify if there's even a company registered in California under the name they claim to be operating under, you can do that here: https://businesssearch.sos.ca.gov/Also, I just noticed in your second post the terms this company apparently offered you (100% financing, 6 months up to 30 years on any type of property at 4% interest). 

The property has great cash flow as a 4 unit but the place wouldn't even breakeven as a 2 unit.While Cook County Assessors Office website indicated that the Property has 4Apartments (including Full basement and Attic), when zoning was ordered, zoningcompliance came back as a two (2) Unit.

https://www.wdrb.com/in-depth/...Should be a good indicator for how the rental market is going to be. 

In my opinion, when Airbnb releases these sort of processes, they do it mainly as a checkmark to indicate that they are doing something -- even if it doesn't carry any real weight behind it.I think there is value in it and it will get a number of hosts to follow these rules.

The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.

Also, if you plan on partnering with this individual long-term, I think a 50/50 will induce less strain on the relationship.

Agent, investor/agent etc...If you have any questions, just put it up here, or reach out individually, you will get help.