After that, my first ideal property would be a multifamily, 2-4 units, that I could live in while building up more capital for a next investment using a similar strategy. 

As I mentioned we have a large military presence in this town and that is ideal for owners of rental property.

The down payment is ~ $70k, not sure how much / month that would be but my mutual funds/stocks portfolio went up $5k just last month so if I could keep that money in there it would be ideal.

Ideally I wanted the profits (either from a flip or a rental) to go into the business which we share, if my partners name is on the deed but not the mortgage or insurance, do you have any recommendations on the best way to accomplish this?

I deal with shortsales am looking for someone who is interested  in learning how to wholesale  and rehab properties and get paid as you learn, I will pay someone to door knock lis pendens I will pay a small fee to put a note on the door if no one is home, more money if they actually get a phone number from the owner and will split the profit if it gets listed or if I purchase.

The Journal also says these investors are making an average profit of around $61,000 per flip throughout the country, but of course that doesn't necessarily mean every market in the U.S. is ideal for real estate flipping at the moment.Can I Be Successful Flipping Houses in Austin?

I would ideally like to get into MFH, the more the better to me. $5-10k/door which I am finding.

About 6 years ago I had a brain anuerism and a stroke when I was 54 years old.The price of college has increased significantly since I went.  

I want to pull the trigger on a property within the next 5 months but I still have yet to determine the most ideal location.

@Jerry Ellis What I always do on every deal, first I fully research the property to get an ideal of what the property is worth to me and what I want to get it for.