But, while capital raising is typically the hardest part and an art in itself, I know many true operators that have far less issue raising capital.  

If you can do that, there are plenty of resources to walk you through the legal side of it. 

I am writing to seek clarification regarding the insurance claim check that was recently issued to me as the payee, with both my personal name and the mortgage company's name listed.

Also, are there other things I may not be taking into account, other than "quality of life" issues?

We’re three weeks in and 6/10 houses are ready to go and the others have issues that would have delayed the package. 

This way you have the support and accountability from a partner without the legal implications.

I purchased the property from Cheap Lands and was issued a Quit Claim Deed.

I only buy off-market now.Here are just a few: properties with title issues, court settlement claims, master leasing, lien & mortgage acquisition, seller carry back, options as well as traditional buy & holds, flips.

@Kevin Breneman  for the IRS there is "imputed interest" so legally you can't charge zero. 

Double-check that it's legal in your area but if it is, it's an excellent one to include in your subjects/clauses.