Plus, the turnover tends to be every two years which fits very nicely with natural rent cost increases.

I don’t know how the numbers pencil out given that it’s a 20 year mortgage, so just make sure it fits the financial goals that you’re looking for in a property.Due your due diligence on the property and future repairs/maintenance costs, but the price/rent ratio seems good.

I would suggest deciding what your criteria would be in property and choose a few markets that fit that description then start talking to locals from there.

I'm killing you sry lol but I've also been researching the cash-buyer's and trying to see what kind of deals fit their criteria, in order to have a target audience of properties.

I popped the cover off the bottom of the dishwasher and found a new fitting so 90% sure thats what happend.

For instance not all deals can be house hacked (1 bedroom condo), not all deal fit the mold for a flip and not all small multi family will cash flow. 

As @Joe Splitrock and @Scott M. said, you need to decide if you're running a business or a charity.It sounds to me like this is not a good fit for you at all.....hire a PM and just collect your $$ every month.

The split could be 50/50 or even uneven in your partners favor, since you are not taking any risk and have no experience.Family and friends may be an option to help with funding, otherwise you can just start contacting private lenders and see who has a program to fit your needs.Of course it helps if you have good credit history and a good paying job.

Once you have figured out the funds you have access to and the market you want to invest in, then you can focus on identifying the property that will be the best fit for you.

I came up with an offer price based on trying to make it fit within the cap rate percentage that I wanted.