I have SFHs and a few small apartment complexes, but this would be a first for me.Quick run-down:45 lots, with no room to expand18 full - 15 POH and 3 paying just lot rentPublic Utilities, proper zoning, paved streetsSmall town, around 45 minutes from any sizable town; around ~2,500 residents that are mostly blue collar, lower incomeI believe lot rent should be around $250-300 per spot once full and stabilizedCurrent asking price is around $200k, with expenses running around 35-40% of gross incomeMy initial plan would be to give all POH to the current tenants if they agree to re-sign lot leases and update all utilities and other facilities as necessary in order be prepared for additional homes being moved in.  

@Colin Youn You might want to read these: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investorhow-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesPrepare your partnership with these questions first:questions-for-capital-partners/real-estate-partnership-questions/questions-ask-investment-partners/If you decide to proceed, I think you should have an LLC formed going in a limited partnership with your(s) partner(s) LLC.

Hello @Paxson B HightowerCongrats on doing your first deal and learning what you do and don't like about being a real estate investor.Sounds like you want to become a more passive investor which you can do:Apartment syndicationinvest money to a syndicator who has already presented you a property and has outlined the business plan and will pay you depending on the arrangement based on how the execution of the business plan is goingHere is a list of ways to find apartment syndications:https://www.biggerpockets.com/forums/50/topics/645...Private moneyBe the bank for deals, flips, etc but may require some back and forth if things go south and you collect the money from interest earned.Another way you could invest is through notes which is the equivalent of buying the paper of real estate. 

As I get ready, I'm feeling less confident in the actual execution of the transaction and the day-to-day management.

Do they have all the programs to properly take care of all their needs?

I live in the East side of Tucson and since moving here in June of 18, notice that investors buy these houses at a price that doesn’t allow enough $ for a proper rehab.

Properly screening them.

I'm curious as to best practices people might use to evaluate market value properly. 

This may be a good solution for you but be sure to understand the law and operate it properly so you don't lose the protections afforded.Most investors I deal with own the property in their own name.

We will obviously ensure they carry proper insurance, abide by the law, and submit to regular inspections.Question: if they live in the home and operate a business, would you charge them additional rent for the business side?