I will shop around for rental/landlord insurance and add Renters insurance in agreement.

Most have a minimum monthly amount that makes it worth their time.  

If you have rental income from properties you have not been renting long enough to have a schedule E from, we can use 75% of a current lease agreement. 

The agreement is as risk free as imaginable.

This month she upped the ante and demanded us to send her signed property management agreements before she pays us.

In your experience, would a lender be inkline to helping him for a short period of time if he was able to present the purchase and sale agreements he had in his pipeline?

I know the form hasn't been released yet, but I wrote it into the operating agreement for my LLC and plan to use the form once it comes out.

Tough to make a call on this one but you might save the relationship if you sat down with the GC and poured over every detail on what has been paid out (down to the last cent) and then come to an agreement on what is owed back to you from the initial $15k. 

If anybody has an co wholesale agreement contracts send them over would be appreciated

I think including a preferred return into the operating agreement so as to cash out my colleague first if/when the property eventually sells seems good.