(b) If after a casualty loss the rental premises are as a practical matter totally unusable for residential purposes and if the casualty loss is not caused by the negligence or fault of the tenant, a member of the tenant's family, or a guest or invitee of the tenant, either the landlord or the tenant may terminate the lease by giving written notice to the other any time before repairs are completed.

You could go a totally different direction.

The sum total of all the real property and personal property owned by an individual at time of death.evictionThe lawful expulsion of an occupant from real property.examination of titleThe report on the title of a property from the public records or an abstract of the title.exclusive listingA written contract that gives a licensed real estate agent the exclusive right to sell a property for a specified time.executorA person named in a will to administer an estate.

I am a Ordained Minister through the online Universal Life Church.

@Harv Yergin IV The structure is totally up to you.

After closing costs (to buy without a realtor, and to sell with a realtor) we,d be looking at a total net income of less than $15k, then split two ways. 

@Jay Hinrichs I totally understand the feeling of wanting to invest with someone with a track record, but first time syndicators aren't always a bad thing. 

Does anyone have experience with buying a single family rental or a multifamily rental with total price under $350K through Home Union, Roofstock or Memphis Invest? 

Perhaps you are thinking of the total additional cost for an employee (vacation, retirement package, paid days off, insurances, payroll taxes, etc).

Find wholesalers (online search, local real estate meetings, bandit signs), sign a co-wholesaling agreement which outlines the 50/50 split, locate properties that the other wholesaler can sell, put them under contract and let the wholesaler bring the buyer.