I am planning on talking with a CPA to discuss the details, but want to get a better understanding from the people that have done this before. 

You should always ask if you don't understand something, it can easily keep you from making a bad deal.By 'automatic equity at purchase' I mean you should be able to get the property for 5k-15k  below market, thus 'earning' automatic equity.

A major part of understanding your market is understanding the numbers and the trends.

@Allende Hernandez I understand the concept of what they are providing but I'm struggling to see how it's worth it.

A couple of reasons I've seen that Realtors shy away from working with people with VA loans is because they don't understand it.

You have the highest representation is my understanding.

I am trying to understand the market and I have been hitting a lot of flakes on BP lately.

Understanding what real estate is, how it is valued, the theory of real estate ownership, and real estate law, will allow you to see each possible purchase with a clarity most amateur investors never experience.2.

@Wod Ed I hear you and I understand your problem.

Many partnerships don't work out do to basic discussions up front around skill assessment and clear understanding / expectations from each partner.