I’m also fairly new to investing and this would be the biggest property that I have the opportunity of purchasing so all suggestions are welcome!

Nothing 3 or 4 unit will pass the FHA self-sufficiency test, unless you are going to get the property for at least 30% off of fair market value. 

I agree with @Michael Smythe that you need a property manager that communicates well. 

What would a fair cut of the profits be?

The borrower must have a good deal from which they will make a fair profit.

We get just as frustrated because the system is a bit "broken":(I believe the team is in communication with you about your options - just be sure to also let us know your choice to secure the property to deter squatters as cost-effectively as possible.

I would say any rehab project would need to be fairly close to me.

I would like to find a reliable wholesaler who has agreeable ARVs and Comps and leaves "meat on the bones", but of course still is able to have their fair cut of the deal. 

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

You can find comparable sales in 2017 and use that dollar/acre figure to arrive at the fair market value then.