First time putting together a deal like this.1) What's the best term sheet/format to provide a potential investor in this capacity to agreement in place they want to invest?

@Jack OrthmanSorry about the formatting of the post.So basically that's how their lease terms is set up starting Aug 19th.

I am 23 years of age and I have absolutely no experience in real estate other than the videos, forums, and research I’ve done in the past month.

Watch some videos on youtube and it should give you a decent foundation to build on.Here's a quick use case with some easy numbers:10 unit property - Purchase price $1,000,000Annual income = 10 units x $1000/unit/month x 12 months = $120,000Using 50% rule - Expenses = $120,000 x 50% = $60,000NOI = $120,000 - $60,000 = $60,000Property was purchased at a 6% cap rate ($60,000 NOI / $1,000,000 PP)---Value Add:Increase Rents by $50/unit/month:Annual income = 10 units x $1050/unit/month x 12 months = $126,000Decrease expenses by 10%  - Expenses = $60,000 - 10% ($6,000) = $54,000.NOI: $126,000 - $54,000 = $72,000Assuming market cap remains at 6%New Value: NOI ($72,000) / Cap Rate (.06) = $1,200,000

My wife will take her phone and take videos of the house.

You watch the videos of working Mom buys 15 homes in 1 year to the guy out of Atlanta went from a 9-5 to 300 doors in 6 months and now full time investor.

@Robert Trevino Get into a partnership with the family member via the formation of an LLC.

Google "velocity banking" and watch one of the shorter videos on it. 

I’ve been listening to a ton of podcasts, reading books and watching videos but it’s hard to know exactly where to begin or what I should do so I’m seeking advice.

You'll also be able to find links to his website there where I believe he gives out some of his scripts.Youtube has tons of videos utilizing cold calling scripts and I'm sure many of the big names on there will have some kind of free scripts you can download or sign up for.Best of luck to you moving forward!