Typically, you want someone whose skill sets compliment yours, not match.

Lending to grow is typically unsecured.

Taking a boiler plate contract is not going to be helpful as they're typically customized to people's needs/wants.

i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 I literally just had this conversation with a prospective client when he asked me what a typical outcome looks like.I told him everyone nods and agrees when I drill into them the risks of investing OOS and in Detroit.

@Jennifer FernézHouse Hacking a primary residence is the best way to generate wealth for the typical American.

The comps are not going to be typical for the area.

For example Avondale typically has 2-4 units for sale with 2/1s at $1200-1600.

I would imagine you're capped at 70% LTV to make the DSCR work at whatever threshold that lender allows (typically 1.00x) or maybe it's a credit/FICO issue. 3% in origination also doesn't seem too far off depending on the loan amount.

@Jonah Gunalda you fit the profile of a large segment of the passive investing community--someone who has a good income from something they are really good at, and would like exposure to real estate in their investment portfolio without distracting them from that very vocation that put them in the position to make such an investment in the first place.There probably isn't a "typical" profile of folks who do not and would not invest in syndications. 

Age wise that's not bad and is pretty typical for investment class assets here in Memphis.