If you can provide deals you will be able to draw in a capital partner to work with.You provide the deal to a more experienced investor, share in the profits, and work along side the rehabber and learn the business.  

in my circumstances it is easy for me to give in to analysis paralysis because I am realistic and KNOW there will be hiccups but as a wise man told me "You can make adjustments AFTER taking action" I am very, very nervous about the property management but again, asking about early termination fee and having them remove that clause is brilliant!

I have come upon a hiccup and am not sure the extent that it would affect my REI plan.I recently received news that property I am looking to purchase had a zoning change in 03/16.

My potential scenario is that it is a bank owned property and I am experiencing some hiccups with lenders (credit score is 780 but I switched jobs around 9 months ago...banks want to see 2 year history with same company).  

Basically this is to get my feet wet and experiment a little in real estate alongside purchasing a property for our future.Please feel free to pick apart my thinking, I've never done this before and I welcome constructive feedback no matter how scathing!

I would suggest to have an attorney draft it, or edit the operating agreement once done because if there is ever a hiccup in your relationship with your business partner you’ll want to make sure that all the verbiage is legally correct before that hiccup happens.

If anything, there could be small hiccups with your insurance provider as the underwriters may see encroachment into a public alleyway as extra liability.  

Having worked with a few builders, I can say that hiccups are common for new construction.

One hiccup I just encountered.........I qualified for the conventional loan for $60,000 @ 5% (I chose to do a general approval for a higher amount in case this falls through) with my credit score and income requirements HOWEVER.....The loan officer said that when I looked up the tax assessments that it is considered a Condo TH and not a TH.

Also, this type of O&G investment is the most highly tax-advantaged asset class, even more so than real estate.Another discovery was that it's nice to have a steady stream of O&G cashflow in my portfolio to cover the inevitable hiccups with real estate (single family homes), including turnover vacancy, unexpected repairs/maintenance, etc.For me, the O&G has been a stronger cashflow asset out of the gate, with expected decline as production wanes over the long term.