I know some exclusive listing multi-family properties generating cash flow at the moment.

2) The Owner's agent will want to show the property at a moments notice, which sellers bend over backwards to do, but tenants have no incentive to cooperate with.

He is very busy and cannot handle more work at the moment so he told me he wants to be my silent partner and split the profits 50/50 or the loss (hopefully no losses) 

At the moment, damages were relatively light to the property, and I do have a security deposit that I can use For those and to also apply what’s left over for missing rents.

Since it is owner-occupied at the moment, I would go conventional and then use that plus hard money/DSCR to purchase your next deal. 

This truly is one of those "reach out to a local real estate attorney" moments. 

Do you own any real estate at the moment? 

And I don't know how to start any on my own at the moment.

It's easy to tell the difference.Too many people think of these forums as a scratchpad for their ideas at the moment, but a one-sentence question is unlikely to get the best answers, and that should be what you are looking for.

I can still remember the moment we got the term sheet for our first deal and happily signed it, thinking that was the end of the talks.