Do it by the book and be lenient.

Obviously listen to the podcasts, read the forums & blogs, the online guides, and the BP books are excellent as well.

Some of the more high volume investors will have at least one part time person helping them out like a book keeper, maintenance call service or someone to help with scanning/sorting documents.

Anyone have any recommendations for a book on constructing a new apartment complex and not just any other book that speaks like an infomericial, but something that is more of a guideline, with more step by step (high level is ok) instructions.

With that being said,  I just read a book about buying and selling apartment complexes and one of the things discussed by the Author was business partnerships. 

Plan is the standard house hack and renovate.

What you need to do now is set screening standards and write them down (make sure they don't discriminate). your standards should include things such as credit score minimum, income requirements, occupancy maximums (you have a legal limit, but you can set a lower limit if desired), as well as some rules such as: no prior evictions, no felonies, etc.

I sat down with the buyer and filled out the standard offer form and brought it over to the escrow office.

What is the standard structute to have my partner pay back the 50% of the downpayment?

When the mortgage goes through I would like to repeat the process.I feel my core competency would be remodeling the structure to a high standard while saving a huge amount of remodeling fees through expertise, creativity and elbow grease.