I will contribute money for buying and renovation, and the partner found the deal and will do management of the project, split is 50/50.

I found commercial building on LoopNet and want to explore buying it. 

If you buy a turnkey property you have very little chance to force appreciation  so you have to wait and pray for values to increase (not good).When you run your numbers in AC remember to leave wiggle room for flood insurance most of AC needs it and increase your turn over budget for when tenants move out. 

My focus areas include multifamily properties, buy-and-hold strategies, and fix-and-flip projects in emerging markets.I'm seeking advice from experienced investors in this community regarding promising states and cities for multifamily investments, fix-and-flip opportunities, and buy-and-hold strategies.

You will buy that property with that lien on place.

That's a "bad phone call" to get. 

I'm buying a 20 unit motel that will be converted to extended stay and expect guests to stay month to month, and beyond. 

Buy-downs.

Any property you buy for 200k will need work if you are looking at duplexes.

We hired another lead gen company (REI Call Center) and they are failing miserably at their job.