Would we both have to provide "timesheets"? 

I agree with @Michael Plaks - having them provide financial and tax strategy together is not necessarily a good thing.Interesting to note - all of the largest asset management / financial advisory firms I work with...none of them do tax work, they all coordinate with a tax firm to address those needs.There are true "fee only" financial advisors out there. 

If they don't provide you with a contract with the terms then she might be looking to use TREC promulgated contract but be careful if you haven't use one.Are you trying to avoid a commission that you are not involving a realtor?

not to worry, can the other two comfortably cover the lease amount?

Nobody can answer your question based on the very limited information you provided.

Pushing rents is one of the unfortunate parts of being a housing provider.

You’ll have to do your research but there are websites that can help provide insite to other crashpads and their listings, such as crashpad411.com and crashpads.com.

When the home is complete, the Joint Venture Agreement is provided to Title which will also find the notice of interest that has been filed against the property.  

I am ready to start acquiring turnkey properties with long-term rentals in mind and am currently seeking recommendations for reputable turnkey providers across various areas in Florida.

Moreover, the "projections" that turned you off of past deals you'd reviewed are entirely invented... they can be made to say whatever will get you comfortable enough to send the money.