Understanding of Investment Strategies: An investor-friendly agent understands various investment strategies, whether it's flipping, buy-and-hold, BRRRR (Buy, Rehab, Rent, Refinance, Repeat), or others.

Never heard of a performance deed.Maybe have them sign a Quit Claim deed to you that your attorney holds in case they stop paying?

But ultimately I want passive income from rentals and leave my 9-5.So I guess that strategy is called Buy & Hold.

My suggestion is to use your good fortune to stay ahead of the game.

Want to buy and hold and fix up.

I want to buy and hold and have enough for about 20-25% of 165-175k for investment down payment.

You need to have "Skin" in the game meaning your money or "Family" money.You can receive "gift funds" from a "Family" member if money was given to a family member and then given to you as a gift from family it would work.Keep in mind even if the seller gives you money the bank/lender will see the deposit into your account since they ask for (2) months of bank statements.

See u all hold it against some one with eviction papers u fall to realize sometimes it really is not there fault at all I have a friend right now who was her mom's primary care giver her brother got power of attorney from there Mom and he is now evicting his own sister out of there moms house to be a dick to her and refused to let her see her Mon cause one he knows there mom will not stand for it so you see don't be so fast to judge cause some one has been served eviction papers you can not always go by that.

To be more specific; long hold multi-family rental properties (duplex, triplex or fourplex). 

Gavin welcome to the game!!