It’s not without its challenges however and higher turnover (often from residents not getting along) is probably the biggest risk, so you’re on the right track by budgeting for higher than average vacancy/increased “churn” (more turnover).

In lieu of traditional payment, he has offered the possibility of becoming a partner or getting an equity or revenue share.

Your biggest advantages here are not paying rent yourself, building up equity, and cashflowing when you no longer live in the property (which are all awesome). 

I hired to biggest "KID" on the block as a security guard for my vacant house..

My biggest goal and aspiration is to successfully complete a BRRRR and continue to scale.

My biggest goal and aspiration is to successfully complete a BRRRRand continue to scale.

Most importantly have you run your Cost/Revenue/Financing calcs? 

My biggest concern is really around buying a property without ever seeing it.

That’s at least the biggest complaint I’ve heard outside of not being able to filter contingent accepting other offers.

Or, have the government disproportionally raise property taxes specifically for houses that are mortgaged at low rates, and use the revenue to bail or compensate those banks that are failing due to their debt hyperinflation?