Our financial objective is to diversify our income.

If she can't wait that longAustin's solution for seller financing is great but I can tell that neither you nor your friend have much experience in real estate so that may be tricky for you guys to negotiate.Another option is to look for a deal together and you buy the deal and sell her a note for x% financing or partner up on a deal 50/50 if you have the funds.It really depends on your friend's objectives.

Done right, holding might just meet the needs of your retirement, children's college education or other financial objectives of your golden years quite nicely, making you appreciate that foreclosure you bought and held in Parker way back when.  

It all depends on what your objective of your prepayment penalty is. 

My objective is to simply make people aware that it's not easy and if you don't know what you are doing it can turn out really bad.

Don't go after "shiny objects of distraction".  

I think it splits into two groups:Group 1) SFH, any property with a private driveway, that can not be convert to assigned space type of parking, thuy these properties can not do this.We can not tow based on late rent per say, that can not be the reason to "hold a car hostage".

I wouldn't expect a GC to object, assuming you re-assure him you are not trying to nit-pick anything but just keep an general eye on the job.

The softwares objective is to combine names and address from multiple list so you can find potential sellers with multiple areas of motivation for selling their house.  

I would be looking for other areas of the country that might be better for cash flow since that is your main objective.