Based on the details above, we would love to understand people's point of views on if this is a good deal or not and/or something that we should undertake. 

Your question is just too broad to get a more detail answer IMHO. 

Shoot me an email with some more details.

There's a free version that gives most of the features but it does have ads.

If I waited until end of 2019, I could afford more.I will message you for the lender's details.

I might of got a little confused now that I read @Nicholas Horsburgh his reply he did not say PPM he said offering memorandum .. many would take that as a PPM  ( private placement memorandum) but maybe he meant like a detailed description in writing of what your trying to accomplish.Generally there are no real contracts for loans there are loan documents though Note  mortgage settlement statement and depending on the lender a whole host of other various and sundry documents usually disclosures so you can't sue the lender. :)

Good for you that your taking the plunge into this big, detailed world of real estate!

I'll spare you the details, but the houses generate enough rent in the first 12 months or less to cover the purchase price. 

However, getting into the details, and tax parts of it.

I asked him to tell me man to man all the details tonight and that I'm about open and honest communication - he still wouldnt come clean.