Is the back of the house even there (I've seen front look decent, back looks like bomb went off?)   

Essentially my idea would be to sell 1/2 my interest, pay off the existing loan, and be "partners" with this person as long as there is a defined exit strategy. 

I'd focus on 150,000 sq ft and up deals so you get the densities you need. we just proposed 84 units on a lot that is 4500 square feet in Columbus Ohio with reduction in parking from 111 cars to 0 and we will lease off site parking. shift parking off site to save money on garages or push it into public garages. if the numbers work build structured parking which most the time they do it just depends on the deal size. if you want to sell to institutional investors you need at least 100 units in my opinion but the sweet spot is like 150+. in downtown columbus our market you can get about downtown unlimited height land for 1.5 million an acre.

I'm a licensed broker, but would be acting as principal, so would welcome any introductions to any brokers that have off market opportunities. 

I would work with an investor-friendly agent who focuses on cold-outreach methods like cold-calling, cold-texting, etc to bring you off-market deals.

Their buyers tend to love off market deals

My question for you experienced investors are what programs are you using to find tenants, perform background checks, and create leases as I do not want to hire a property manager off the rip.

If you use the code PMLIVE24 at checkout you will get 20% off ($312 at checkout) your first year of Pro.

Off to find a lawyer.

I am looking for cash flow positive storage building in Texas, off a major highway, with value add potential, preferably in North Texas (Sherman/Denton/McKinney), Central Texas (Waco/Austin/San Antonio), West Texas (Odessa), or greater Houston area.