I own 5 properties in Topeka, KS. 4 are rentals managed by a company there, and 1 is a Contract for Deed.

I am a musician by trade and so spend most of my time on the road.

My landlord/tenant contract states pay rent by the 5th of the month by 5 p.m.

Start by consistently analyzing deals and read a few books like "rich dad poor dad" and "richest man in babylon"

@Skip Rivera You can make sure that the title is marketable by doing a quiet title with a lawyer.

It is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Many are also underserved by hotels.

Client needs the loan only for 20 to 30 days.I will be setting him up for the construction loan by that point.Construction costs are 375K and ARV is 750K.

You are 100% on the right track. 2-1 buydowns are attractive options offered by sellers/builders to help improve monthly affordability but in all reality you aren't saving anything. 

So many things can go wrong with a partner and it never surprises me how many people do dumb things (that you wouldn't guess by meeting them) that could be catastrophic in a real estate deal.