The following advice will get you going in the right direction:Identify Memphis neighbourhoods with high rental demand, potential for property appreciation, and a favourable investment atmosphere by conducting in-depth market analysis.Look into financing alternatives that work for you.

There is nothing cheaper to rent in my market so there are ten potential tenants for each space and because of this, the tenants would be happy being on a month-to-month lease for ten years than finding another place to live with a year lease.I know some of these sound a little brutal but I would rather leave it up to me to make decisions than have my hands tied. 

Try calling them from another phone to see how responsive they are to potential tenants. 

Does anyone have insight on market potential in Elizabeth City, NC.

A person looking at a 15 unit in all probability is in portfolio growth phase, and for the there is far more equitable growth and profit potential in the single family vs commercial unit consideration, because of potential exit buyer for such. 

By wanting to learn, I meant network with investors to purchase our first investment property since I see clearly the potential cash flow. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Based on how you described the proposal, your potential partner will be the investor and cover all cash considerations and you would serve as the boots on the ground/sweat equity.

Quote from @Charlie Shew: I have been trying to learn more about the self-directed IRA because my potential investment money is currently setting in a traditional IRA.

@axeIf the attorney who reviewed your insurance policy is, at a minimum, very knowledgeable about new construction and the potential problems that can be associated with it, it sounds like you're covered.