As time goes on, I would expect to also offer a master lease agreement to the general public as well, instead of the traditional property management contract.I would like to hear feedback on this plan, especially from people who have tried it.

Or if you take title on a quit-claim, you're getting whatever interest that seller had, along with any clouds on that title.Most common way is to have a traditional closing that clears title and pays off any liens, issues a title policy, and gives you true marketable title - that is only encumbered by whatever you have encumbered it with (mortgage, trust deed, UCC 1, Promissory note, etc.)If you don't / can't go through traditional title (say for example, you buy at a tax foreclosure sale), I'd say it's best practice to go through the quiet title process.  

I come at if from a traditional landlord background.

It's a personal choice.  

Good choice Chris and Good Luck.  

I Portland you would not have those choice's... there are no banks that are going to lend long term and portfolio.. typical would be 20 due in 5  6 to 6.5%  with one point.

That gives them time to save up for their down-payment, but then they have to traditionally finance.

Save I have a choice of taking 100K in ROTH accounts vs 100K in a Traditional IRA.

With an equity partnership we would traditionally structure it with three fee components.Acquisition fee- for your work upfront (1-3% of total deal paid to you closing)Asset Mngmt fee- for your day to day work. (1-2% of gross rents collected paid to you monthly)Cash flow- split to you and the investor. 

I just want you to be sure you are fully prepared so that you don't end up regretting your choice.