I would speak to lawyer and let them review the agreement maybe can do a class action and sue personally the managers if fraud.

And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up! 

@Reyna AyalaI personally feel this is overkill.

I’m personally based in Houston, TX, and I’ve noticed over the years that a good realtor can do a lot more for an investor than just listing a property.

Personally, I started my investment journey with multifamily properties before moving into single-family homes.

You could do something like what you want if it was your personal primary residence and even then the interest rate would be ugly. 

If that person were to get hurt somehow and then expect you to pay the medical bills or become disgruntled in some way it is just a phone call to DOR, OSHA or L&I. 

If you don't have at least 2, work towards that.Business Credit - once you have some established credit, you need to protect it! 

Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.

But keep in mind if your using money you cant afford to get back then buying action property might not be appropriate for your current endeavors and its better to just buy open market were you can do proper due diligence and know you have a build-able site.