If experience is your concern, you can easily partner up with another experienced investor in your area to help balance the risk out. 

So what do we do to avert the above concerns?  

I’ve had a couple of properties over the years that I think would’ve worked, but I was concerned about who would run the operation.

I understand if you want to sell 1 of the lots, but I'm not sure about your concern about paying off the debt so that you own it free and clear. 

It does not mean that they are not legit, but it is a concern. 

I’m new here and just starting my real estate investing journey this year.I live in NY but am looking to purchase multi-unit properties (4+ units) in a growing market outside of the state.Here are a few concerns I’m working through:As a newbie, is it a good idea to buy a property out of state?

One concern is the debate of whether a repair is needed due to renter user or deterioration of item over time.

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

While that may sometime be true, full disclosure to all parties should eliminate any ethical or moral concerns (imo).  

What’s your biggest concern right now?