The amount of information here is incredible.

This deal is not going to be accomplished safely as most approach an option to purchase, your agreement could well be 100 pages or more, addressing terms of sale, how liens for advances are applied toward the purchase, your interests acquired prior to other liens filed, insurance assignments, that's not counting lease assignments, attachments of lease terms and conditions, maintenance agreements and schedules, authorization to encumber the property and to pay liens.

Sounds like a reasonable approach to me :) 

I am excited to be part of this incredible group of likeminded individuals and learn from your breadth of knowledge as I embark on investing and flipping.  

Incredible!

In my past 3 houses I did a buy & hold approach successfully, so I'll probably stay with that method.  

What is really the best way to approach this, thanks again I appreciate any suggestions!  

I'm looking to take a more hands-on approach to avoid the problems that I had with these 70 units. 

After networking and continuing to grow my career I got approached buy a firm that owned and managed 4,000 plus units called http://www.teamremanagement.com/ to be their in house agent for acquisitions.

I completely agree with you that professionals who also invest themselves will be incredible helpful and I believe I have found a few resources who fit that criteria.