Try to get some background information on this person.

Paul,...If you're going to wholesale like a professional, only pursue deals that are worth Cash Buyers' time (target for 60% ARV if you're not confident about estimating repairs)Some wholesalers aim to lock up as many houses as possible and then walk away when their 2 cash buyers won't buy [bad] deals.

Do you typically have people fill out application and do background check?

We would not argue with an attorney or some other professionals if they put it in writing they were willing to risk something in the grey area.

If your AGI is between 100 to 150, the 25k is phased out and get partial deduction until you reach 150k.If your AGI is more than 150k, then those losses will be suspended (unless you qualify as RE professional) until when you sell the house and will offset your passive gain when you dispose.

Be sure and get a professional inspection, that may cost 1000 dollars but well worth it.

Hi,I'm a newbie real estate investor and I'm looking for some guidance on how to structure my partnership on a rental property with my brother.A little background on the situation:Myself and my brother will be partnering on the down payment for a SFRThe mortgage on the property will be solely in my nameI will be putting in a greater amount of the down payment, so I want to structure the terms of the deal, so that I own a higher percentage of the deal.

@Stephen BensonCozy.co is the website we use for applications, background and credit checks

@Ken Breeze What's your background? 

@Joseph Lucas JrMy comment below is a question, not a professional advice, because I'm not an attorney and am not qualified in legal matters.