I am renting a co-op which already has a contract about the rules and regulations for the tenant to sign.

It is best to always learn and keep learning because real estate laws and regulations change over time.

@Bob Floss IIHi Bob, I'm the Bruce listed in the Bloomberg article that just built the triplex (which was the 1st triplex once the 2040 plan was passed) and have done numerous conversation/renovations as well. 

These limits come from the regulator for credit unions.

And i have also seen on here numerous times that wholesaling without a license is NOT legal.

I agree with@Russell Brazil this is regulated by the feds(ADA).Be careful.

My advice, get a generic lease, add any pertinent info you think you need and have a local RE lawyer familiar with state lawns and regulations review.

You can see if your state has a template that you can use, search for a free template for your state online (there are numerous of them), or do what I did and custom built my lease agreement based on the state template I had and then verified with my friend who is a real estate attorney that it was legal within my state and that it would be legally binding.

The only way you would pay for the privilege is if you were looking to gain experience and who would want someone inexperienced doing due diligence for them2) In order to stay within SEC regulations when raising capital you typically need to be part of the general partnership so I would recommend checking with a SEC lawyer to ensure that your friend isn’t in breach of any SEC reg’s When raising capital for someone else.

That is the real indicator of whether you are numerically getting a deal or not.