If this is a one off investor deal and you don’t have your own agent involved then I guess you have to make up your own solution.

A JV contract would stay in each parties possession, but in the event of a disagreement, you may end up in a civil court battle with no way to cloud the title until the judge made a ruling. 

After I gave him that address he couldn't use he said that I should have another guy involved in my deals so he can teach me what to do.

My full-time job involves consulting with local governments and developers in land entitlements, ordinance preparation, and coastal development regulations.  

See Election for certain qualified section 179 real property in Part I for information on how to make this election.

I'm interested in turnkey properties in the future as well to build my portfolio as the cost of some of those cities you mention is significantly lower than our coastal areas.To get to your point it sounds like you need to decide how involved you want to be. 

I know it's hard on everyone involved when these situations arise, and I hope you have other siblings that are willing to help out too.

Most lenders will use 3rd party appraisals to determine a value for a refinance.

What paperwork is involved?

That’s good in theory but how does that work involving other people?