I'd love to see a copy of it as I'm dealing with a potential tenant who's pushing things a bit.

My ultimate goal is to acquire enough real estate to achieve financial freedom, allowing me to travel, provide a comfortable life for my family, and teach my children about discipline, financial literacy, and the wealth-building potential of real estate.I’m here to learn, share, and connect with others who share this passion.

You'll have tenants that don't pay, damages made, and potentially other disasterous situations occur on your properties. 

I'm looking at investing in several out-of-state markets (potential BRRRR strategy in mind), I have a list of qualifiers that I'm sussing out to determine viable markets but would love to know: what data helps in determining a good market to invest?

If you have a potential tenant that "might not" be a good payer, just don't sign a lease. 

For first-time investors, neighborhoods like Riverside, Murray Hill, and North Jacksonville could be good places to start, offering strong rental demand and potential for growing neighborhoods.

And before getting too far along in the process it might be worth doing a title search to check on any potential liens on the property.

To qualify for active treatment and unlock potential tax savings, you must meet the material participation rules outlined by the IRS.

It's the conclusion you came to before you wrote the post I know but bringing up the challenges might make you realize that you might have to offer a heck of a good deal to attract a potential partner.

Additionally, your brother would inherit your cost basis for the gifted portion, potentially leading to higher capital gains taxes if he sells later.