Getting specifics signed off on , and of course being in custody of their deposit + last months rent is the best way to get cooperation.

I know there are other methods to obtaining a deal and wholesaling It on the back end like double closing or JV but all situations are different of course and not all wholesalers prefer to JV and split profits.

Any tips would be great. 

Someone offered to pay for us to get a real estate license and of course, we said, sure!

If you were ok with taking on additional debt (loans your tenants would pay down for you over time), you could potentially leverage that 475k into 10 or more cash flow properties (though there are limits on how many loans you can carry at once).Of course, there's always a middle ground too: sell the condo, use some of the money to increase your DP on the new house and use the rest for investing.

Tips for find resources (such as financong, etc) for the west side of detroit?

Of course, but good luck explaining you do not have any collateral. 

Any advise or tips would be appreciated!

Of course, there are still risks with both of those, but can be a 1-3 days for funds, no hassle solution.

While we are talking about partners and taxes, I wonder if the experts have any tips on specifically 'entity set up'.We are going to be using a lawyer to  set things up, but wanted to get some feedback here too.