I can see in TX, that sort of thing might work out good. 

I'm thinking about entering the US market and trying to work out all the issues.

If the partnership thing doesn't work out but you can locate and wholesale a couple of properties you can start to accumulate enough money for a down payment that you can then use for a property that you can buy yourself.

However, even the best laid plans don't work out, so prepare for what to do when you need more money and who is going to put it up. 

If REI doesn't work out, a good college degree will open other doors.Very few people use what they learnt in college in their day-to-day job.  

Because you're not actually buying the property, you don't need to work out any seller financing, or obtain a HML to pay for the property.

Are you saying this purchase may not work out as well as advertised?

I guess, but assuming everything doesnt work out perfect, you can still take a measured, worst case scenerio and still make your number if you willing to take the time to get there. 

Usually I show by appointment, and prioritize by first application, or at least pretend to, so I can say, "sorry, we just need to run the credit for someone who wants it, if they don't work out I'll call you."

If it doesn't work out for you it can easily be sold as a duplex or converted back to a home for resale.There are many ways you could invest in rentals but which one is for you is the question?