I know generally that we need to state that we would assume equal ownership and evenly split the cashflow from the property but I would like to know more specifically what should be included. 3.

I want to avoid "Shiny Object Syndrome" while taking meaningful action and that led me to a false belief  that I had to be buying properties already or I would never be a successful real estate investor.

If I go look at 2 places and like them equally but one offers an online application vs a paper application that I have to write on then scan and upload then email then answer the questions I already answered because my hand writing is not the best or the blank spaces are too small to write legible or whatever the reason I would go with the one that allowed me to complete it online.

Payments must be made in relatively equal amounts on a close-to quarterly basis.

Just note, not all lenders are created equal. 

They all equal out and I will make sure to run the numbers.

A property with high performance, all other criteria being equal and meeting your standards, would pay you $850/month in rent.

In Real Estate it's legally required and ethically a best to practice treating ALL perspective Tenants equally.

@Alex MerkelThe Limiting belief here is “I can’t do both right now”.

I think the considerations can be be explained by breaking them down into the potential Capital Gains valuation buckets...1) Little to no Capital Gains: In this situation, the cost basis of the property (purchase price + any capital improvements + stepped up basis upon your father's passing) is near equal to the FMV of the property.