So if you have an opportunity to receive funds now, and spend them on other income producing funds, then this is a superior method to paying down debt in order to receive funds 10 years from now. 

The GP is responsible for securing the debt.

All states differ but I would think you keep the security in light of them not paying in the first place.

In underwriting, credit is only a small part of how we assess who and how to lend to someone, you would be well advised to use a similar method. 

Good to see locals :) What methods/parts of town do you think you might be targeting? 

They give off all the right "good tenant" vibes but I realize I don't know how to do a background check on people who don't have a US social security number.Any tips?

Should I save the money until my fiancee's job future is secured (even though interest rates are going up?!)

The strategy sounds fine but will be a slower process (time) as well as more expense with your cash being tied up inside each property.I'm a fan of the  BRRRR method, where you use debt to create assets and then have the renter pay your debt off over time.

Will need premium luxury space build out to make this move complete with private sound proof office partitions and key faub security protocols installed. 

@Pavlos Kasselouris SEC regulations only come into play when you are dealing with securities (public or private).