It's good to hire your own representation that is working on your behalf, not the seller's.Letter of IntentIt's a tool to negotiate formally and in writing. 

What are some recommended platforms or tools that help streamline the payout process for multiple clients while keeping everything organized?

What are the most important tools to have in place as we get this going? 

I have read many DST PPM's and have come to conclusion the Sponsors are the only one that can reliably profit from these investment tools, whereas the investors can only trust their due diligence identified enough red-flags.

As an investor friendly real estate broker focused on Oregon Coast STR vacation rentals for sale, these are the testimonials that affirm how powerful of a resource and community Bigger Pockets truly is. 

I mean, if I co-sign, then does it give me any power to sell one of his land there to recoup money and rest goes to him?

Spend some money on tools and get your hands dirty.

For instance, should I base it on a dollar amount per hour I work on the project, either as a PM or as a guy who actually puts on the tool belt?  

House hacking is a powerful strategy that can put you far ahead financially compared to those buying a primary residence or continuing to rent.

This comes with the expectation that I'll handle most of the minor things the property needs, but I don't have to pay for materials or tools to fix things.