While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up. 

I’ll be splitting the rent 50/50.

Welcome Surya, I work the Atlanta market.  

No need to invest out of state, when you are in one of the best places in the world to invest in real estate. 

It's next to impossible to accumulate this many hours.

I marked it spam as I saw the time on the inquiry ticking.

Welcome to the community @Shai Shushan!!!

Next time don't think you know everything and choose to cancel the contract due to your own emotions.

Hi Aidan, when you first started you can create your partnership agreement per deal depending on what your end goal is for the property. 

Options - collect full payment for the 3 months up front and lower the deposit to secure against damages only, require insurance.