If you haven't already, I'd also consider adding supplemental material (videos, online courses, spreadsheets/templates, exercises, etc. ).

It's exceedingly rare for a lender to exercise in that case, assuming you're in good standing.

You need 3 main roles, finance, acquisition and actual management.

@Sandra Kayulu, for the most part, attempting to do business with realtors or property management companies via lease options will prove to be an exercise in futility. 

I can understand where the PM could be a headache, I'm currently debating whether it would be beneficial for my wife to take this role as we are about to have our first child.

If you are partnering with your brother, why aren't you buying through something like an LLC where each of you have a defined percentage of equity and defined roles in the business?

It will come down to how much risk you are willing to take on and how comfortable and prepared you feel taking on the role yourself.

@Mike Reynolds is (please correct me if I'm wrong, Mike), a GC who had filled multiple roles on teams working in new construction and renovation for decades.

2) If me acting in a manager role or on-behalf/POA for his LLC isn't possible, can I simply setup a partnership LLP where I am 50% owner in my own LLC and my dad's self-directed LLC is 50%, but I make all the investment decisions and he is a passive investor?

Since I have mortgages on them, and since most mortgages have the due on sale/transfer clause, I’m wondering will they actually exercise that clause if I transfer the properties to my LLC?