@Joseph Belgradthey should hire an attorneygood luck

However, if this is a true "joint venture", all members must be actively involved in generating their own profits so the credit partner would also need to participate in decisions regarding the property such as which contractors to hire; handling issues that arise, etc. 

I recently broke my own rules and hired a new GC we had never used before to do a 700 sq ft unit thinking it was a small quick project.

Do now hire a "regular" realtor. 

I recently hired them to handle all my cold calling marketing acquisitions and dispo.

@Salvatore D'Agostino When choosing a cost segregation firm, it's crucial to hire a reputable company.

I'm wondering if there are any strategies pros employ for multifamily inspections where it can be either done using other people's money or if a cheaper solution would work such as hiring a local property manager/agent to do a walk through.

Break-even or positive cash flow is key for passive income.Property Management: Since you’re aiming for passive income, consider whether you’ll manage the property yourself or hire a property manager.

Hiring a designer, even a virtual package, may be a good option for you especially if this is your first property. 

I really don’t want the seller to just walk away because the U&O is too difficult (I also went through this process about a month ago with another home.)Should I call offer some advice/contractors number to hire to get it fixed up, go get a lawyer involved, or do I have other options?