It is a failed business!

And beyond all this, I don't see 1 mention of what value you bring to any of it, just a lot of talk about how to make $. if making $ is your focus, your gonna fail.

If failing to maintain your property is the only way it cash flows, I am sorry but that is not cash flow.  

Harder to liquidate, amplified results if you fail, and cash flow less.Pull a list and cold call, or develop relationships with brokers.

We've only had one resident fail to pay rent, and it was someone who had all the usual red flags, but she also had a sick kid. 

Fail UP.

For example, you could create a weighted structure where a percentage of profits is based on cash contributions, and another portion compensates for rehab or management efforts.Rent Payments and Tax-Free Profits:If you structure it as an owner-occupied property, the rent you pay could be shared proportionally, but tax-free gains on resale may only apply to your share, as you’d be the owner-occupant.

Send a document once and ensure it includes a deadline for their response and a consequence for failing to respond.

Some I’ve dabbled in as hobbies, some were full blown business ventures that I attempted to grow and failed.

When you have both, it's very hard to quit and when you find it hard to quit-- it's likely you won't fail.