We will probably pivot one or both to be long term rentals.

Here’s how I’d approach it:1.

Just introduced to this forum.

My two cents but the ship has sailed for short term rentals in this market.

If you want to be an active investor, get some knowledge about things you will be dealing with.

We will probably pivot one or both to be long term rentals.

Find a real estate attorney in your area, ask them to draft a contract for you, if that's what you want. 

Then to find inventory, you need to search out, i.e. network, and find out who is creating these type of notes or you help people that may have an interest in seller financing how to create a note that is marketable to the secondary market.

He's also the least reliable repairman in my market. 

I can't think how hard money can be sharia compliant.. sharia restricts money from being a commodity: any added risk must accompany added value.