Readers should seek professional advice.

Think young professionals, families.

-> Besides doing your market research, i strongly advise that before any purchase or offer, that you hire professionals to help you in the process.

If you’re have ambition either for a career as a management/ professional/ entrepreneur or becoming a real property investor then you’re going to bat with 2 strikes.  

On the other hand, true private lenders are not professional lenders and hedge fund type lenders (which is what hard money lenders are), but instead are regular people in your circle and sphere of influence.

I will stick with large funds of proven operators.Maybe these are isolated incidents, but operators of MF and other assets seem to be more professional.

Here is a solid example you can adapt for a joint venture (there are differences, beyond just nomenclature, for a partnership and a joint venture): https://templatelab.com/joint-venture-agreement/Again, I would caution use of this document without a professional to review it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Easy value add because my girlfriend is a professional photographer. 

Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?