You only need a place to track tenant information, payment history, maintenance, etc.

How much cash do we put into the property with our down payment and holding costs, and how much are we getting back in profit?

Invest and give generouslyHe's not going to advise people to invest in real estate with leverage because his audience is full of people up to their eyeballs in credit card debt, student loans, car payments, etc.

They’re never even so much as late on a payment.

This property has strong potential, so think of your payments as an investment in your future portfolio. 

Seeing people give others money for down payment assistance etc. to me is just plain dumb.

I am planning on 20% down , then a fixed payment based on current typical rates for the next 5 years, then a balloon payout at the five year mark.  

This is essentially a finder fee for the member, payment collection fee, and support from padsplit.

Raised the 25% down payment through a partnership with family members (my parents and my two oldest children).

There would be or can be if I advise on an individual basis in a specific note, I'm not willing to take $500 on payments or charge a % of some profit and take on that liability, that won't even cover my insurance premium.