I very much was guided by a family member and just did whatever they said.

The community that they have built helps support and guide you through it.

Buy process and rehab process.Find a good investor friendly realtor who can guide you.

I don't know much about the market where you are, so if there are agents or investors in your area, they would be able to guide you as to which may be a better option.

He can also guide me on the renovation ( this will be my first time doing it ). 

Quote from @James Aravena: Start with BiggerPockets Ultimate Beginners Guide (free).

Right now in a partnership you'd either need a mentor/consultant to guide you throughout all aspects of the deal and partnership or wait and hold the land for now and gain the necessary experience to maximize your profits on this land in the future.

They can guide you through any complexity in the tax legislation and offer tailored guidance depending on your particular circumstances.Good luck!

Here's a guide that describes what good cash flow looks like and how to analyze a property.https://www.biggerpockets.com/blog/rental-property-cash-flow...  

Hey Nicholass, BRRRR is a great strategy for investing in the Cleveland area and there are plenty of experienced folks here who can guide you through the process.