One of the tenants will be moving out, because I will occupy one side and continue renting out the other side.

I hope to see more landlords in Allentown posting renovated rental adds and less more of the same low end properties that attract bad tenants continuing the local opinion that Allentown is dangerous. 

I'm looking to make my first deal very soon and then hopefully continue the process of building my knowledge.

Eventually, if successful profits will be used to continue to purchase additional properties with the same arrangement.Are you saying with this structure we would be considered a "Syndication" and would need to abide by SEC rules?

Unless you have stumbled upon one of those deals, waiting a year to continue to gather capital and learn is not going to hurt you. 

I now have 15 doors total but want to continue growing. 

If I file a complaint with the BRE, and they issue a desist and refrain letter, what happens if the "property manager" ignores it and continues to practice property management anyway?

And some of the terms from company to company will vary. 

But just not continuing to buy isn’t a breach.

It varies as in commercial most specialize in one thing.