However, it really depends on the market down to the neighborhood level just how much, if any, staging plays a role. 

Also, generally, what are the qualifications for a role like this?

With every real estate market cycle we always need to exercise extra levels of caution and assets need to be underwritten with scrutiny and don't just believe the "broker" and "news" hype. 

It's also played a major role in me getting recognition as a real estate investor and entrepreneur.So a BIG thank you to the entire Bigger Pockets team.Now, I recently read a post about “How Much Money Has Bigger Pockets Made You?”.

They did some role playing and it really helped my confidence in sending out those letters and getting ready for the phone calls.

Partnerships where the roles are not clearly defined (which is what you have here) are going to be even harder.

Determine amount from monthly rent to be applied toward the purchase price of the house ($100 to $150.00 each month) should he exercise his option to buy.4.

I'll also add that if someone is looking to take a more passive role in real estate and wants the benefits of diversification there are funds available to accredited investors that are designed to allow investors the opportunity for ownership of institutional investment grade property that is occupied by regional, national, and Fortune 500 credited companies.

Someone out of state can fulfill both of these  roles, but make sure you have ways to contact them.  

That being said, investor sentiment undoubtedly has a role to play in the relationship.