Please remember I have 3 years of experience managing another short term vacation rental.I would appreciate any advice on what to do financially. 

My goal is to build enough passive income that I can leave land behind and sail around the world and never return to land.A little about myself: I'm 19, living with friends and paying rent, working a minimum wage job and not really having a lot of financial freedom to save or invest.

(Some lenders require LPs with more than 20% equity on the deal to provide financials and sign on the loan as well).The GPs are in charge of not only shopping for debt but also raise the equity from the investors.

You can not have a vague screening practice/standard and expect it to stand up in court.In your case you will be taking higher risks simply based on you having C and me B class properties. 

They are wanting to move out of the area so they really want to get rid of the properties so I am sure we could work something out beneficial financially for everyone if I think worth paying anything to be in the area.  

Heard of Project Destined??? "The mission of Project Destined is to transform minority youth into owners and stakeholders in the communities in which they live, work and play. With the careful guidance of its leadersh...

I would recommend starting with the Set for Life book and the podcast where they interviewed Scott Trench about how to get started in life financially.

I've hit that point in my life where I've realized my 9-5 job isn't going to provide me financial freedom, or a decent retirement. 

Can financially secure the agreement with a 6 month of rent guarantee on a 5-year lease upfront to make for comforts but wanted to know is there anything I overlooked? 

I then tendered the $25,000 deposit and awaited all DD materials (commercial tenants financials, contact information, detailed expense reports, etc) to get the clock ticking on my 30 day DD period.5.