Here's my advice... save up a small amount of money separate from your marital savings and try wholesaling.

HI @CT Nguyen, I think you're spot on with the idea of splitting the cashflow 50/50, and here's how I would specifically define that for the sake of your partnership (and what I follow with mine)Cashflow = Gross Rents Received - tax proration - insurance - P&I payments - Repairs budget - CapEx budget (if separate). 

Your state may have specific requirements on evictions separate from the national moratorium.

Living in separate units or not?

Separate money contributions from effort contributions. 

I would like to have a company called Containers In Motion (located in Boca Raton, FL) build a residential storage container in my large backyard (for the single-family home), and would like to separate the double lot into two individual lots to build a residential storage container (one per lot).

Some people make an LLC for each individual property they buy, or make separate ones based on if they partnered with other investors.

They know my name in the 2 branches I mainly use in 2 separate towns & they understand my goals.

Option in the TREC form requires consideration because it is a separate right within the contract...the right to walk away for any reason within the time described, including negative inspection results.  

Paul won't allow separate licensing for each unit, they'll want you to occupy.