My question is:  what does a typical rental partnership look like on paper? 

I typically tell sellers, “Hello I’m Andrew and I buy properties and am looking to buy a property in your area and wanted to see if you’re home would be a fit for me to buy.

The licensing board will typically call and notify them of the issue and try to resolve it.

All are rented and tend to, typically, do pretty well. 

We essentially were paying for real life education on how to be a big player in the game.

@Jacob D AdamczakThere is no one right answer and a lot of other factors beyond just the simple one at hand come into play - age, other savings, goals, time you expect to be with this employer, etc.That company match paired with the tax deduction you get on your own contribution are essentially free and immediate return on investment. 

The most traditional avenue that most banks/credit unions will enable are the typical refinance (cash out refinance) to access equity. 

However there are a few newer lenders around now that will do more typical 30 year loans but their interest rates are higher. 

Ideally, you do this at a bank to take out a typical investment property mortgage because they have better rates and terms than a hard money lender, which saves you money.

An agent is not typically the one to identify the BRRR properties for you.