My concern is that all of my info is coming from the agency and I do not know how to find and evaluate properties/deals yet on my own.

It is certainly immoral to raise funds without updating the information on a deal, but is it illegal?

My partner was not on any official record.

I just bought a second rental home with a big lot and I'm going to build an ADU on that lot so I will have 2 homes on that lot once ADU complete.  

Which tbh, as long as someone helps me by giving me a chance to fulfill my dreams of starting my own REI Business I'm perfectly fine not making a profit on the first property and little for the 2nd.

What's going on BP community.

Key lessons learned: use a cost-per-square-foot estimate from previous projects rather than relying solely on GC quotes, as they often underbid but end up costing more in the long run.The property is under a 2-year lease at $1,750/month.

Most people will tell you that your second choice can't be done, but the IRS has issued two (2) Private Letter Rulings on point where they did allow the taxpayer to build on property they already owned through a 1031 Exchange. 

@Joseph Pytcher Can you provide more info on the project?

Early on I replied on various contractors (unsuccessfully) due to my (then) full time, very time consuming job.