Im looking at a house that has an unusual shape.

The houses in this neighborhood originally had the w/d in the kitchen, so it's not all that unusual of a set up. 

It's still uncertain how that will play out.

Of course I'd like to see results faster than that if possible.Things I am uncertain about:1 - Whether or not to separate the lead generation/prospect management function from the underwriting/due diligence/paperwork function - ie employ two part time people rather than one full time person.2 - Compensation structure for the lead generation person - pure salary?

Tenants will likely beat the crap out of the place so you need everything to be bullet proof and cost effective.If you are uncertain reno to suite your taste and sell to recoup your investment when it is time to move.

I'm uncertain about recording a deed with only partial ownership.

@Juan Mendoza Our story is unusual, I think. 

Here is an unusual way to find contractors........Go to Home Depot or Lowes about 6 am, you will find lots of contractors there buying supplies for their jobs, ask for their business card or get their telephone number off their trucks.Tell them what you want, ask them to meet you to give you an estimate. 

More of a hotel room..2x-3x unfurnished long-term gross rents aren't unusual for well-managed places in good areas.

Very unusual, most lenders will have the documents drafted and send to you