The most important thing is that the idea you pitched is backed-up with enough analysis and effort and you have a clear plan in mind.

I have some investing partners in my family, but I am the main driver of our efforts, and once I pick a niche I will commit all my spare time, and even go full-time (quit my job) if I am successful enough.Thanks for taking the time to read this, and if there are any good resources on the basics of cash flow notes, I'd love to check them out.

And with diligence, effort and commitment to my own well-being through mind body and soul, the universe would unfold in a way where I can look back and be proud of what I've overcome and accomplished. 

Any advice on where a newbie should focus his efforts in this market?  

Assuming you are still actively seeking tenants all you need is proof that you are putting the effort into finding new tenants.

Sure, you can do some more digging and look up if the house's history, but all of that takes time and effort for a house that doesn't guarantee a seller who is motivated.So my best advice is to send out a ton of offers.

Just be honest and genuine and tell them you are an investor looking to but their property.

In your opinion, is this is a fair split of effort to share 50% of the profits? 

@Jay Hinrichs and @Ryan Dossey Thank you very much for the feedback, I still plan on sending out a mailing but will focus my efforts on calling the owners.

In our market, Multi-Family seem to be the only ones that can cash flow.If we wanted to seek out silent investors to support our efforts to scale, what is the typical structure?