If it's been sitting and you aren't feeling confident about this many aspects of the deal, I'm not saying don't go do your diligence if you can agree on a decent purchase price, but also make sure you are going in with open eyes.

Are there other aspects in this line of thinking that I should consider?

I would like to find a partner that wants to handle the operational day to day aspects of the business and let me bring the funds and financial background.  

Not scientific, just based on current comps.   

A) your local marketB) good market has value in what aspect of real estate your interested in. for example if you want buy and hold it has to be more value for a renter to rent a house than to buy one.

IMO, key aspect of Victorians is to stay true to the style. 

Having only one aspect such as land may not be sufficient in an equitable exchange for the economic benefit for the use of money.If someone has no management skills, no experience, no capital or income, and can't contribute anything to improve the land as labor, but has 1,000 acres and wants to borrow $1,000.00 that is not an equitable exchange. if any lender did lend in that situation it would be a predatory transaction.

I tried educating myself on different aspects of a mixed use business/apartment investment property but the terms and phrases I used kept yielding irrelevant results.

So like anything don't expect he will be interested in the same aspects as you but overall get buy in and use his perspective. 

Each month, we are provided with 1-2 new topics involving some aspect of real estate investing.