But  most of those repairs with the exception of electrical would typically be non permit repairs. maybe someone else can chime in but I would assume they  could be repaired and then just call for an inspection. can you call the office and find out what will be involved in clearing the violations and if there is any fees or costs associated with doing so?

It involves ONLY cash, and is ONLY calculated for the first year.All cash, and ONLY cash, that comes into your pocket - expenses = CoCRAll cash, and ONLY cash, that comes out of your pocketROI can be whatever formula you want to use, based on whatever incomes or profit you want to declare. 

Today our realtor introduced some parameters of crafting a "competitive" offer to increase our likelihood of getting accepted which could expose us to more out of pocket cash than we'd like. 

I really love real estate and the benefits it offers to everyone involved, or even those uninvolved through property taxes and neighborhood appreciation. 

Let me also mention that all parties involved understand the risks.

I have only ever acquired rental real estate (have done some flips but those never involved a PM at sale).

Each municipality (24 plus unincorporated areas) has their own rules, and if there is a managed community involved (condo, HOA, etc), that's another layer of complexity.STR with 30 Day minimums aren't unusual, and the snowbirds will happily pay for extended stays.

If things do work out and my partner is involved in building the business/assets how would you go about it?

My husband approves of this venture, but has no interest in being involved himself and would not want his name on any of the paperwork.My question is: would a lender use the full amount of my current mortgage in calculating my debt-to-income ratio, or would they say that I am only responsible for half of it, since my husband's income also goes towards that loan?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.