Actually the is some contradiction to Dodd-Frank, the DF outline states no more than 3 sales, TILA which is part of DF states no more than 1 sale within a 12 month period.

I am looking to create blueprints for each of these models, any recommendations on literature that can outline these methods?

I would advise going the IRA wealth building route, but I'll outline the 2 options.First, you can decide that you want to use this money as an IRA wealth building strategy using RE as your investment of choice.

My dilemma is that I have yet to sign any type of agreement or contract with the property manager outlining their fees and how I'll receive the rent.

Since my name wouldn't be on the title, I need a solid contract with my potential partner outlining the deal.

I definitely plan to use an attorney and address all of the prudent points you outlined.  

My suggestions is outline everything on a piece of paper, go make a friend with an awesome REI at a REIA meeting and put another address nearby so you cover yourself and see if they think its a deal.  

I have our 5 yr plan outlined and I am currently researching business plans so I can put together a comprehensive one.

Depending on the circumstances, you might be able to take advantage of the mechanisms outlined in the Home Improvement Consumer Protection Act ("HICPA") and the Unfair Trade Practices and Consumer Protect Law ("UTPCPL"). 

Make sure you have a solid contract outlining your deal.