I was thinking this would just encourage tenants to pay on time.Pros/Cons?

I would just encourage you or anyone else to be honest with the homeowner about what you are trying to do. 

Currently wrapping up what has been an extraordinarily challenging shopping center redevelopment project.It never ceases to amaze me how much there is to learn and so I’m eager to meet and interact with the community to take my skills to the next level.  

Here is an article I would encourage you to read on Joint Ventures.

So far the rental as been a success and has encouraged me to invest in more buy/hold cash flow properties.

There are lots of BP folks that would encourage you to invest even while having debt (car loans, cc, student loans, etc.) if you can get a higher return than you are currently paying in interest on your debt.

I do a lot of data analytics currently and am really proficient at interacting with big data so I wanted to bring those skills to find deals, hence the name of the post: Data-Driven Deal Discovery.Getting the Data: So where I looped my skills in was with the Philadelphia Properties database.

Thanks again for the information and words of encouragement. 

Face to Face interaction is such an uncommon thing now a days that it'll be extremely difficult for the homeowners to not take you into consideration if they intend on selling.

It's very encouraging that such a community exists!