The idea is that I would be the one to find the deals and obtaining the loans.

LOL.There’s a WORSE WAY and a BEST WAY to try to obtain items 1-4 aboveBEST WAY: College or Professional Association courses in real estate (real estate license course as a base) and work experience for a REIT or other professional real estate organization and capital saved or equity raised from private parties with a MODERATE amount of debt leverage and or utilizing creative financing with low interest rate debt (may be highly leverage)WORSE WAY; Any guru courses or mentorship’s combine with high interest debt. 

I'd recommend creating an LLC with both of you on it!

What market can I see any return with 70k down I look in a lot of places and hardly see any deals where would you guys recommend to invest with that amount down?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Anyone have a referral for an inspector in Indianapolis? The home is small and appears to be in great shape, not looking to break the bank for the inspection.

Who would you recommend?

If you are going to do the effort and risk of development, you can build units cheaper and obtain a better return.  

Could anyone recommend any agencies or documentation specialists in Texas who can assist with the drafting and recording of a promissory note and a deed of trust, according to Texas mortgage financing laws?

REALTORS® shall recommend that sellers/landlords obtain the advice of legal counsel prior to acceptance of a subsequent offer except where the acceptance is contingent on the termination of the pre-existing purchase contract or lease.