$400k, 3 Partners, Flipping and Renting

[Jason P.]

So... lot's of information on BP! I am simply looking to get pointed in a few proper directions regarding topics that are likely common knowledge to many of you. I'll inquire about a few items below, and am also curious what advice you might have and things you think we should consider via the information provided.

Team:

Me: I've effectively run multiple businesses since entering the corporate world five years ago. I now have a role similar to what many organizations would consider a District Manager. Everything from P&L's and budgets to marketing and project management under my belt.

Partner: 10 years construction / maintenance now works in IT as a system admin. Work ethic is through the roof. I have flipped a home with this person, and he has flipped two others in the past.

Partner: Money and is a licensed agent (newly). Wants to work hard and learn as we go. Owns two alternative-style gyms with a managing partner. These take up less than 10 hours a week of this partners time. This partner has flipped four homes on his own.

Things you may want to know:

1. Business is an LLC. $150k cash, $250k available at 10% at all times via private money. By and large, we plan to pay cash for homes we are flipping.
2. We plan to flip and would like to aggressively pick up rentals.
3. There is no shortage of opportunities in this area (MD). 
4. 40% of positive cash flow comes out of the business for growth. 60% stays in.
5. There is an extensive business plan (mostly written).
6. We need to find an accountant and lawyer, and plan to do so in the coming two weeks.
7. We have an extremely successful broker who should be able to put us into contact with hard money, private, and portfolio lenders if we ever were to need one.

My questions:

1. I would love information on how to grow the rental side. I plan to keep this organic (equity gains and cash flow feed more purchases).
2. Finding properties - Wholesalers are an obvious option. We also can find our own and have several email filters set up to find properties. One partner has MLS access as an agent. We are visiting our first auction in three days. I would like to have a small team of agents on the prowl for us. I assume we do not have to sign a contract for these?
3. When financing rentals I know that it will have to be financed by one of the three partners. How do we tie this to the business? There is a conflict of interest there and I am sure there is a solution that is not as obvious as I would like it to be.

... and so much more. I figured I would make this post as I pick through the forums. Any advice, answers, comments, concerns, or links to other material is greatly appreciated.