Nasty combination- for you.All it would take is for you to do 1 thing wrong, like grant purchase credits or mention the option to buy in the lease or vice versa. 

I am sure you have already been advised to not go into business with a friend, so I won't waste time mentioning it. 

I recommend looking into the local credit unions first (Charlotte Metro, Truliant, etc.).Also, in addition to the meetings @Karen Rittenhouse mentioned, I'd invite you to come out to the next networking meetup of local BiggerPocket members:Charlotte, NC REI Networking Meetup - Tues.

I don't see any reason why you should not use it for the whole thing since Quickbooks is capable of tracking the things you mentioned.  

However, I'm not sure if the seller's submitted contract will allow me to do so, although there is nothing within the body of the contract itself that mentions anything binding me from doing so and my seller is absolutely fine with the idea of me assigning my interest elsewhere.

One in particular mentions that when high LTV is available and debt rates are cheap he likes to load up on long term debt.

I definitely appreciate your input and I'll keep looking to see what I can find.You mentioned CapEx and I know that some investors work it into their calculations.

You may not want to have that capital trapped in that plan until such time as you change jobs or reach age 59 1/2.

Before I get started, I should mention that my dad has developed and rehabilitated nearly a hundred affordable housing projects over the years. 

Just a titbit i forgot to mention is that it is a partnership with my brother so does that make a difference since it will be set up as partnership if i am not mistaken.should have mentioned it before.