However, an agent that has off market deals is likely flipping or wholesaling themselves so you may only get leftovers. 

Down the road, you can also use the 1031 exchange to defer taxes as you go from property to property, as long as they are like for like.I hope that helps get the ideas flowing....

If its just borrowing money with no collateral then a standard note is common if it secures real estate then you have a loan agreement, deed of trust/mortgage, note and other documents.No matter what these documents I would not pull off the internet i would get an attorney to draft them and the costs are typically paid by the borrower.

What are the best resources / tools to get connected/educated on this type of asset?

Honestly, it seems like you’ve got more skin in the game than I do since I’m just getting started as a bird dog, but I really admire your approach.I think your focus on tax-efficient strategies and building a reliable team is spot on.

Congrats on getting started!

If you plan to get a turn-key property, there really isn't a need for a PM.

It's much more affordable (you can get the $100 annual version instead of $300 per month like Appfolio).

Then you can expect to get it rented.  

If the investor would like to sell the property, we will split the profit of what it sells for 60/40 (the investor getting 60% of profit while I receive 40% of profit.)