Can only suggest you do NOT over look living with a tool, dating, before you decide to get married to it by moving a bunch of tenants over.   

Please suggest.

I suggest buying a brick building if you go that route- was in a similar situation in 2018 and bought a wood building but wish i had gone with brickstraight up chicago real estate investor podcast is a great way to learn what others are doing all over the city

Any advice / suggestions is greatly appreciated!! 

Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding.

Great suggestion!

Otherwise, I would always suggest hiring an attorney to draft one up for you, or at the very least, find a template and have an attorney review it to be sure you've got your bases covered.Good luck! 

I would suggest you may want to look into being the bank were cash flow is higher than rentals and its tax deffered a good mortgage broker can get you 10 to 12% COC today and there are funds out there that will pay 8% all day long although your not the sole owner of the mortgage so there is that.

I suggest you listen to free podcasts on land wholesaling, build a business plan, and then work it (Wholesaling Inc is a great one).  

If you have a deal that you think is more valuable than you think it's worth and want to sell it on the market, I'd suggest closing on the place.