In short...you are looking to create an open fund with some time share type qualities. 

I have a goal of getting into multi-family properties and I felt like this property had the perfect potential of getting me there, offering an unfinished basement to create a split level duplex.

Inherited property so the situation created the interest, otherwise my wife and I probably would not have even entertained the possibility.

Crawford, I was referring to an individual unit.

I am looking at buying another property cash for 65k putting 12k into it and having it appraise for around $80k in hopes of creating a portfolio loan, if that is even a possibility at this point.

Alongside this we learned what makes a property ideal for buyers, and explored multiple loan options as well as their individual pros and cons.

I think a more prudent (and achievable goal, not to mention far less financially risky) would be to start free classes/seminars to teach them how to delay gratification, increase their education and earnings potential, find quality and affordable child care (perhaps creating a "swap group" within your group for free trade-off CC), learn how to properly manage finances, and all of the other tools needed before you can even begin to invest in real estate.

There are plenty of programs out there that will allow you to create a state-specific lease with all of the required language for your state and will also let you modify it to add your own special terms, like your parking requirements, quiet hours, how trash and utilities will be handled, etc.

I think the 5% down option really creates some unique opportunities for smaller investors like myself.

Nice touch with the Sketchup models, are these just for yourself/construction or did you use them to help create a pitch deck for a partner investor?