My Insurance Agent has strongly recommended that I put a Construction Agreement in place with my Contractor to shield me from liability, etc. 

I'm not saying "wow, what a deal" or to copy this I'm just saying when compared to SFH or continuing to rent, the 2-4 unit househack is very appealing and thus demand is strong.

You can certainly find a property for cash flow that may also bring you a strong return on that investment.

if his income is strong enough and not as much debt, he should be OKHope that helps..

IMO it is perfectly acceptable to throw a couple grand from a strong W2 as a temporary plan B into the mix - as long as the portfolio is small that will go a long way in an emergency.

If you're looking for strong appreciation, Dallas and Houston are great markets.

What I do see is that a strong screening process improves your chances of getting a responsible resident. 

Relationships Matter More Than EverHaving everything in-house has also helped us build strong relationships with agents, contractors, and clients.

Cash flow is usually strong because rent prices are decent, and the cost of the property is relatively low compared to places like California.

You and the other posters here have been generous in indulging me in this exercise of considering this "partnership" / BRRRR, but demonstrating that we can invest successfully on our own power before seeking out partners is not only my strong preference but just sound business logic.As a new investor my head starts to spin when I start to think about investing, and the many gaps in my knowledge reveal themselves: how to structure a partnership?