So, we essentially break up responsibilities across those lines. ..

In order for this to work it is absolutely essential that the PSA has "and/or assigns" immediately after your name.

My goal was to increase my savings from the income produced from my current employer for 4-5 months to use for a down payment, acquire a property, and essentially live rent free, mortgage free, and develop an income stream. 

I had a "project manager" that we paid about $20 an hour and I essentially ended up doing all the work that he was supposed to be doing as far as managing things.

However, the fact that the business is essentially selling real estate contracts leads me to think more from the perspective of @Jason DiClemente.When you operate as an individual, not as an LLC, its easy for the individual to basically come up with an excuse as to why the contract was sold.

Creating a real estate investment portfolio is essential if you're looking to build long-term wealth and lower your yearly tax bill relative to W-2 earners. 

This last comp is a block from our building so it was essentially the same location and the apt was located above a commercial business just like ours will be.13.

He’s essentially getting paid to work two jobs at the same time.

Or would essentially be a line of credit backed by these properties? 

Networking is essential in real estate or any other business for that matter.