In Houston, my handyman that I used to take of repairs on my other 4 properties there, was my eyes on the ground.  

Just be careful you don't disqualify due to the fact that they are unmarried, that is discrimination in FHA eyes.

The 20 year amortization period gives you a lower payment while the five year balloon protects the lender from having their money tied up at a low rate.Finding a new lender is key. 

Marc,  Our lease states we cans show the property during the notice interval, and access by the landlord is authorized for showings and inspections.The first step is to visit the property to "preview" it for the marketing, and you can note any big issues that may delay occupancy, and even stress to the residents what they could be docked for.I always tell the residents to protect their valuables because its hard to track other people's children during showings, and the more they cooperate and the faster the house leases, the less time they have to tolerate showings.I've had perfect houses occupied the next day.I've had disasters that need  six weeks to prepare.With this effort and a mid-lease maintenance inspection, there are fewer surprises.

That being said how would I structure this deal while best protecting myself?

I'd advocate both an umbrella policy (to protect the assets within the LLC) and an LLC (to protect your assets), and I agree that chunking is the best way to go (typically up to five SFR).

Alcohol, tobacco , and Drug companies are running scared . 70 years of lies crumbling right before our eyes.  

She wants to do this as a partnership since in her previous relationship she has been screwed with some money, so in case we decide to go separate ways, we both would be protected. 

Hate speech when perceived as a threat to quiet enjoyment, not to mention safety, isn't protected by free speech.  

Then send these out to my customers with offers and for those who agree, I guess I just take the purchase agreement to a title company to get the property transferred to me.Can anyone help me out here by pointing out steps I need to take to protect myself and how to go from offer to close and property transfer of ownership to me so I can go and resell the property?