I do think the ideal first-time rental is a four unit that you can live in and rent the other three units out, but those can be harder to find.

You would be leveraging more which doesn't seem ideal for you. 

If financing is part of your strategy, consider exploring fix-and-flip loans, which are tailored to help investors like you fund both the purchase and the rehab of properties.Lastly, start small with your first project, ideally in a neighborhood where you understand the market dynamics.

There is no guaranty that we will have enough money, after paying expenses, to distribute enough to pay a 12% annual return to Investors or even to return all of the invested capital.The second paragraph above "No Guaranty" to me, means that these distributions of preferred returns should not have been reported on the K-1s as "Guaranteed Payments," creating not-so-ideal tax implications for investors in the fund due to triggering self-employment taxes. 

Ideally AI could improve the property analytics that shape listing prices, a competitive advantage over other brokers.

Of note, I am already doing STR and MTR in other markets and this property is fully furnished and listed in several places for my ideal tenant.

One of the key benefits of a DSCR loan is that it allows you to qualify based on the rental income the property is expected to generate, making it ideal for those with multiple properties or who may not have a strong personal financial profile or W2.

A roofer’s invoice should ideally include more details, like the shingle brand, model, and batch numbers, along with a clear scope of work (e.g., tear-off, underlayment, flashing).

If you can wait until you have legal status that would be ideal, but may not be absolteuly necessary if you want to get a jump on things. 

City Wide property mgt is who I deal with and honestly when I ask for real numbers and updates I get a lot of BS run around sales talk speech.