Looking to buy and hold to generate passive income to start.  

Details yet to come, hopefully we can at least retain some profit out of this quagmire!

the 70% rule allows you to have 10-20% profit, depending on situations.

We split all profit 50/50.Using super simple numbers to make the math easy.

For the past year I have run ads and funnels generating leads for real estate agents.

But if you're wanting to get into rei anyway that may be a good way to go.Yet a third way is to find a local investor and offer to split the profits with them 50/50 either selling or holding it.

They pay huge commissions to their sales people and bank high profits.

I am ok with a modest profit, especially because I have found an 8 plex I want to roll the money into, but I do not want to change the price too drastically.  

Make sure generator and trash pump (3") are ready and gassed up.

I prefer to not touch them, as I think there is extra liability from renting out non conforming units and they have limited exit strategies, but if I did buy one I not only wouldn't pay extra for the non-conforming additions, but I'd also want a bigger discount such that converting to original and flipping as a single family was a profitable exit, thus restoring this as one of my exit strategy.