I define critical mass as: "Enough free cash flow to handle all my financial needs in life, create abundance, AND be able to actively expand my business or invest in new ideas as I see fit."

I don't have any Legal Experience to contradict you on the Warranty Deed aspect. 

When objectives differ then it can become difficult, especially when liquidity is problematic and circumstances change over long periods of time (as pointed out by Mike Dymski).I also agree with Chris Martin’s response – rather than jump into something big, I would prefer to partner with some people, get comfortable, then scale.Legal aspects can be solved.

True enough on the SBA--they only do owner-occupied commercial real estate, defined as 51% of the square footage.

Without all the numbers, this is just my guess, but I feel like there's not enough money, definately not for both.

It tells them that you are serious about your business and are interested in keeping track of every penny you spend, by keeping expert reporting on every aspect of your investment properties.

Just looking around and trying to understand Harris county from all aspects. 

Being first time we didn’t no what to aspect.

If you buy only one it will not make enough of a difference.Start by defining your target audience: who do you want to rent to.

Don't forget the money aspect of the deal.