When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.

I came across few duplexes that I’m looking into in Wichita, hopefully inspection comes back clean and we buy these ones.

I was not involved in contracts, funds, etc. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

These leads were very unresponsive and may pan out over a longer period of time but the time involved is just not worth the effort.  

The single biggest issue in my way currently is obtaining enough cash, whether it be my own, or through partnerships or family/friend-based lending (which I am very hesitant about to begin with as this could potentially strain relationships unnecessarily when money is involved).

We agreed but only after they covered cleaning costs and left the property in move-in-ready condition.

I have a bit of experience with co-living investors, having been involved in several co-living investments for five years.

Take a look at Personal Property versus Real property coverage, plus clean up costs to make sure your covered.I would also look at covering your project from the Subcontractors. 

5k a I don’t mind if it takes a few years, and I’m willing to be as actively involved as needed to achieve my goals.