My honest opinion - I would start out by getting your feet wet with just one property once you've figured out what path you want to take; nothing beats a single family residence in my eyes.

I’ve been keeping an eye on HHI for STR for about a year now.

To clear things up for you: Rental real estate activities are default passive in the eyes of the IRS. 

That’s the way I keep my eyes on the properties.

Does This seem like a Fair Partnership Very Very Rough Draft WHEREAS, Party 1 and Party 2 (collectively referred to as "Partners") desire to enter into a partnership for the purpose of jointly owning and managing real estate properties;NOW, THEREFORE, in consideration of the mutual covenants contained herein, the Partners agree as follows:1.

It opened my eyes to the associated risk, closing escrow before the sale. 

My accountant for 25 years always tells me since the internet came out, anything goes........Get a degree, a trait with someone you can look in the eyes.......

@Drew Markert I'm a newbie real estate investor and your question caught my eye because I'm planning to buy my first house hack within a year. 

Finally his eyesight grows weak, and he does not know whether things are really darker around him or whether his eyes are merely deceiving him.

But always read the bylaws and covenants with agent.