This is a great long term assets with many complicated possible scenarios.

It sounds like a lot and it is but it isn't too complicated.

Be very careful w private real estate syndications, some great ones, some really not great ones, and takes years of investing experience/understanding debt/property management/taxation rules etc before you should safely go that route, but then they can be awesome as they give high yields w passivity, the Holy Grail of RE investing :)you are on the right path, and RE far less complicated than the Krebs Cycle too :)

It does not eliminate you doing a thorough background screening. thats all it is, so many make it much more complicated.

@Wesley Frye 5 showings in the first 10 days is too low and If you received an offer from a First time buyer they usually need help with closing costs.My first advice as an agent.is you need make sure about the value of your property because it need to be appraised and in case do not appraise for the amount they are offering you will be in a complicated situation because they do not have funds to cover the difference.

I am wondering, if by doing this, I will make the situation more complicated than it should be. 

This can get very complicated. 

Don't make it more complicated than it has to be.

It would make the situation less complicated if that is a possibility as you wouldn't have to worry about the recourse of the loan. 

The process isn't complicated - but managing shady Cleveland contractors isn't ideal for people with high-tempo careers LOL That's why I'm trying to get a gist of the different ways people do this.