We took them as Fixer-uppers and made them liveable to raise the Rents and try to make $100 a month in positive Cash Flow.

I am from KCK born and raised and work for the fire department currently.

Now, if this coach is going to co-GP your deal, bringing their balance sheet to secure a loan, investor connections to help raise the money, asset management skills, broker connections, etc to actually get a deal done, then maybe that is worth the share of profit, but most guru's I hear about are available for questions you bring to them, and put you through a generic course, typically with market selection information, basic underwriting education, etc.  

Since you don't have a copy of the lease, just tease them with, I understand your rent is X (made up #) and I won't raise that until your lease ends on X date. 

I wrote "I am looking to raise private money" on my name tag and now I have several potential passive partners for my next deal.

After the 6 months we will need to navigate that as we plan to make upgrades to the unit and raise the rent.

most of what we are looking at is 8 stories and up and 60+ units with construction values around 15 million but minimum 10 million. capital raise on assets that size is 2.5 million to 4 million.

I also saw yesterday a company who was fined by the state of Massachusetts banned from raising money in the state (for some serious stuff) just received $200M from an institutional investor.

My aim is to not only profit financially but to gain in the process some intangible assets, such as project management skills, getting to know reliable professionals (i.e. realtors, contractors, designers, etc.) for the long-term, getting acquainted with the local market's promises and pitfalls, and basically adding some entrepreneurial muscle going into my next project.My strategy is to go small: find a second-hand apartment in a good location (I don't have enough funds for a GREAT location...); no more than 60-70 m2 (that's about 650-750 f2) to, among other things, lower renovation costs; 1-2 bedrooms, street facing and with a lift (if said apartment is above the second floor); with good bones, i.e., needs only partial renovation.

FYI: groundwater raises and lowers (it usually raises after periods of rain/snow melt), and if the slab of the house is too close to the water table--that is, if the slab is too low--ground water can rise, and seep up through the slab from underneath the house.