15k to co-sign, for 6months

[Demario Scott]

Hello, 

I am learning a great deal about real estate and with a friend we discuss it quite a lot. I am a 22 and in a very sound financial positions and can take on some risk. I do not have a mortgage and I have a fairly good credit score. A friend of mine and myself have discussed real estate extensively. He found a property about 75k undervalue in DC. It's a pricey property and he asked me to co sign. The agreement is l get of the lease in 6 months and to be paid 15k. 5k at closing, 5k in 2 months in, 5k at refinance. And having 3 months mortgage payment in a shareable account. And if a payment is missed we split profits 50/50 and sell. And we would get a document notarized stating the agreement. Would you say this is a good move and what risk stand out.

Thank you