The "Initial Filing" is extremely important to get this right the 1st time as there are limited safe harbors for mistakes to avoid the penalties.

There are hundreds of hard money lenders out there, ultimately I'd work with someone who has time to focus on ensuring you get a tailored mortgage instead of a cookie cutter solution.

It's a simple solution, get more info.

Their solution was for me to take over ownership of not one but five homes from Jeff's portfolio, all of which I had sold him and subsequently leased.Despite my being patently unfinanceable, the bank president placed a bet on me because I knew the homes, I knew the tenants, I knew what I was doing, and I was rabidly hungry.

I'll definitely play it safe.

Most likely raising funds from passive investors would utilize a Reg D 506 b or c safe harbor exemption from registration.  

@Gary Abrams A cloud based solution would work really well in your scenario of having other family logging in and helping with management. 

Since my son knew how to do it safely with ropes and harnesses he made like $3,000 in 2 days! 

@Jonathan Chan I have a solution for your problem.

While the RentRedi's loaded with various toggles/buttons and affordable given the all-you-can-eat pricing, the interface is still very elementary and lacking in usability/design, which is often overlooked as a key determinant of whether your team actually adopts and fully leverages powerful management solutions like these.