Such a quid-pro-quo deal is simply inserting someone who is not a disqualified party to your IRA as a means to indirectly use your own IRA capital to benefit yourself.  

It is about 2 years since I have been investing, and will be concluding 8 deals by the end of this year.I have listened to all the podcasts and read forums actively.

I simply run everything I do by my Broker and ask is there any issue with it.

Obtaining copies of the application and background checks may require the tenants consent - here in Canada, it would be a violation of federal privacy law for the Vendor to simply had them over.One thing Kevin omitted, and why you need the leases before the end of your diligence period, is to prepare an estoppel certificate for each tenant using the information obtained from the lease, then meet with the tenant to affirm the information and to discover any other material facts (i.e. side agreements, pets unknown to Vendor, etc) and have the tenant sign the estoppel.  

You should simply be able to use a standard P&S contract between you and this other wholesaler. 

@James Williams   The very best way to answer all your questions is to Simply waltz into your nearest C 21 or Keller Williams or Re max office and speak to the recruiting broker tell them that you want to pursue a career in RE and they will answer all your questions help you get started with the education etc etc. 

If it's an attorney simply acting as an agent, it's generally a monthly fee.  

Most non-investors simply don't understand the expenses involved in investing nor do they understand the risks involved.  

But, a new guy especially starting out is going to have a really hard time simply assigning MLS listed properties here.  

So, the properties held as assets would either have their titles transferred to the DBA name of the holding LLC or transferred to an anonymous/blind trust, which would only list the name of the trustee.The idea is to simply make you NOT a good target for a lawsuit.