I don't want to violate any BP rules so I can't post his phone number but a quick google search will have him pop right up.

I’m not sure if I should use my normal contract, then have him and her quit claim the property to a trust or if he would only quick claim his portion of the deed.

Madeline,You're on the right track, you just need to reorganize some of your numbers to better understand the scenario.First, the 50% rule is a general rule to help quickly analyze the financials on a property, although it seems to be very accurate on average much of the time. 

I started out my journey for financial independence after reading Rich Dad Poor Dad.

The bank provides some protection on this, but it can be hard to get your money back if the scammer moved it overseas quickly.

I do the basics myself sinks, toilets, bugs, washers, dryers but for AC I always put them under contract with a local company for 24 hour support and quick fix.

They could send the rent check to the previous landlord or property manager if the paperwork isn't processed quickly.

I was told that an option is to purchase the property in my name, get the "better" financing, and then do a quick claim deed to transfer the property out of my personal name and into an LLC. 

I appreciate the quick reply.

Quickly found out lots to learn and countless members on here willing to help .