What I've shared is purposely vague as I don't have specific questions and am more interested in your reactions, thoughts and personal anecdotes so I can better understand and appreciate the timeline.Again, any and all comments would be greatly appreciated.

I was hoping someone could explain the difference between joint tenancy and tenancy in common; and which one is better for me. 

If he has a W2, it is better. 

The fault trench study is not cheap, but neither is the land and better to find out now.

Guys i know the arv and everything around that and yes i didn't do it on my own but i have experience i just have question about the lenders because they still want 20% down and plus of course intrest rate between 11.5 to 12 .7 13 so i what I'm saying if you know better trems for loan ?

That would help us give you a better answer. 

My main concern is dealing with contractors since I'm out of state, so I feel it would be better for me to partner up for my first deal.

You will only get better. 

Others just don't know any better.

It is a much better neighborhood.