@Ryan Kinley I like to ask this question "Other than price, what would an ideal transaction look like for you?".

If there is anything you don't like about the disclosures, you can exit the transaction and get your earnest money back.  

If you offer him leads, or your time through cold calling, you can learn sales skills, and the ins and outs of a single family real estate transaction.

It also doesn't mean your transaction closes. 

The boost I needed to get started in RE.Always try to provide value and you will cross paths with yours.

Like it or not, the IRS is a partner in every transaction we do, regardless of the mechanics of the investment. 

Lead generation service is different because an agent pays lead generators without any direct coupling of the payment to closing (but with an understanding that if the leads are nonsense it'll put an early end to the relationship).It's this situation that gave rise to wholesaling, because ultimately a wholesaler is doing that same deal-finding service, but they get around the licensing requirement by buying the property for themselves with an assignment clause, and then resell it to an investor at a premium that ends up like a fee but officially is counted as equity gains on a real estate transaction in their own name.

Having an experienced agent on the other side always makes for a smoother transaction.

@Tim Kaminski if you are keeping this property for more than 3 years then I would suggest to go ahead and move forward with the transaction.  

@Alfonso Castillo this is always confusing for those of us who are used to the way Chicago transacts.