I am a complete newbie and BP has helped me immensely with anything i was curious about.

The knowledge base here is immense and there is so much to learn from.

This book helped me understand the immense tax benefits of buy-and-hold investing.

I have some questions that are hard to find answers for given the immense number of posts to sort through here on BP. 

I initially posted about this bldg in this thread: http://www.biggerpockets.com/forums/432/topics/71186-thoughts-on-this-12-unitSo, here are my initial questions as a new landlord taking over a building full of tenants - I'd be immensely thankful for any wisdom from the experienced members here:)1.

I don;'t know if you are aware of the issues here but the moment you say "interested in passively investing in the fund" you complicate things immensely.

That will help your coverage immensely when you try to paint over it.

Also since I live about 45min from my market, I wouldn't want to list my flips as the time to show them would be immense if I had to drive almost an hour every time someone wanted to see the property. 

Any help finding an investor in Salina, KS would be immensely appreciated.

That link looks immensely useful!