If your goal is to eventually solicit from people who are not your friends and are looking for passive income, then you need to consider establishing a syndicate.

Lots of different routes you can go in the cfp career but it’s a phenomenal one for flexibility, income, and helping people. 

What additional information would be helpful to get a better understanding of this deal (e.g., demographics, tenant mix, operating expenses breakdown)?

Additionally, you will most likely need title insurance.

I've had success in Detroit, you should add it to the list. 

Additionally, any resources, articles, or tools that you recommend for a beginner like me would be greatly appreciated.Thank you in advance for your support and advice.

I would be concerned what you need to provide in addition.

When there is a problem.. they suck and they suck bad.My problem is that I spent an extensive amount of time researching other PMS packages while I was having major problems and I have additional automations built off of the system.  

You missed the salient question -- Lender has borrower liable for loan --- a wrap occurs -- there is now a new person (in addition to the first) that is liable for the loan -- 2 people are liable -- how does this decrease the security of the lender -- they still have their "approved" borrower -- and now they have another -- approved or not -- they have 2 -- 2 is better than 1 -- yes?

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.