I'm at a point where I need to build this thing into a more productive,  streamlined operation and may have two individuals in my midst to help me do it.  

This way if their plans do not work out they can resale they property for cheap and get out versus sitting on holding cost for the land for many years sinking non-productive capital into a project.The house is not a benefit.

One downside is as mentioned by others to truly be passive you need a high quality product and lots of doors which can be very expensive.As an example let's say you need 100 doors to be passive at 80k a door for a nice product.

FORECLOSURE: A seven year waiting period is required, and is measured from the completion date of the foreclosure.A three year waiting period is permitted if extenuating circumstances [EC: non recurring events that are beyond control that result in a sudden, significant and prolonged reduction in income or a catastrophic increase in financial obligations]  can be documented and the lesser LTV of 90% or the standard product guidelines.

@Sam StoutThere are some 10% down JUMBO products.

Some products they have territory and strict pricing policy, but some dealers still able to work out something out creatively. 

We do have a product that does not look at your income but qualifies you on the income from the property.  

Build deep relationships, and dig to find lenders who's products closely match your needs.

I know most of BP audience was not around prior to 08 so they are not up to speed what happened..When lending dried up in 08 it not only dried up it STOPPEd and it stopped for many years.. you simply could not get an investor loan unless you were one really high earning W 2 type professional.. and or the loan product simply did not exist.

So does your firm offer these loan products?