Get your own attorney, without proper representation a lot can go wrong.

You will generally not be given an account to pull credit without an office and often times proper protections in place to ensure that data is kept secure.  

Or you could go totally broke if you make to many mistakes, so please use caution and do your research properly.

(A) Every land installment contract shall be executed in duplicate, and a copy of the contract shall be provided to the vendor and the vendee.

We wanted to give ourselves enough time to properly plan so that we don't fail.

(Negotiable based on borrower experience)- Execute Joint Venture Agreement- Profit will be split based on deal and level of experience of borrower- Agreement term is for 6 months, after which, borrower profit split is reduced to 50% and I assume management of the project.Does this sound reasonable?

Wording your post properly can definitely change the image of what you're listing in the market place.

A few things we cannot believe: 1) That we are acquiring a duplex in Seattle proper for $220k.  

I upgrade to 200 amp, insulate, replace dated light and plumbing fixtures, replace the roof if necessary (or budget to replace it if it has a few more years on it--I just don't wait until it starts leaking), fix any drainage issues, replace windows (maybe 75% of the time), make sure doors/hardware work properly (I install hinge-stops and/or those round plastic bumpers that affix to the wall so I never have wall/door damage), limb up or remove trees, and of course give it a thorough cosmetic upgrade so it attracts good tenants.

If dealt properly, this could be a win-win situation for both tenant and owner.