@Brian Singer I think I get it--you want to JV with a syndicate sponsor where they'd raise the money and you would contribute your skills at either finding deals or rehabbing units?  

Same document sheds light on your other thread in re:"In dealing with the buyer, a seller's agent should (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the value or desirability of the property, except as otherwise provided by law."

Once you are successful with this property and have honed your skills, you will start getting into properties of 50 units or more which is where the real challenges start. 

I also want to become a licensed contractor and highly skilled in carpentry and electrical.

When I started working for this company, I had very limited construction skills.

I work as a full-time realtor so I had all the paperwork, resources, and skills to negotiate the deal and get it to closing without having to pay someone else a commission. 

Whether from a skill perspective or an interest perspective or just general risk perspective.

If there's any way I can be of use, I have a pretty unique skill set that includes proficiency with computers, automotive repairs, as well as writing/editing.

If there's any way I can be of use, I have a pretty unique skill set that includes proficiency with computers, automotive repairs, as well as writing/editing. 

Such properties can be profitable, but it takes a special set of skills to manage the situations that will come up and potentially destroy your cash flow and/or the property.The strategy does not so much matter, rather than having a good team in place such as a very involved property manager with experience in class C/D properties.