Cosmetically, all new paint, glazed some ugly bathroom tile, reworked the kitchen a little, vinyl plank flooring throughout, and granite countertops.

I would do a cheap ceramic tile floor in the bathroom.

I have been working for a while with a great contractor for tile installation and flooring.

A GC will also generally take over fixing any subs mistakes that arise after the fact.Hiring subs yourself can save you a lot of money, but if your tile work is shoddy and the painter can't do their job because of it, you could have a hard time getting the tiler back on site.  

Draft an operating agreement that will lay out terms such as ownership % between each partner, responsibilities of each partner, what if scenarios(if one partner dies), how long the partnership will last for(5, years, 7 years, etc, indefinite)Tax side - there will be a partnership return filing requirement.

I am green, but am a fast learner if anyone needs help with painting or laying tile etc.

Always good to lay out the roles and entry/exit terms of the arrangement.

The money will simply land on your bank account while you lay on a couch and repost on Instagram the quotes about successful success.

A stoned tenant goes and sits on the couch or lays down trying to figure out the remote of the TV.

Your new lease is required because it lays out all of the rules that the tenant needs to be aware