Then I think I will buy my first out of state property once I'm ready.

Also I feel buy and holds are harder to structure partnerships as its not that much money when split in between two people.

To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

You can offer to buy the upstairs residents an area rug, but I wouldn't force it on them.   

I think I can open another personal checking account at the bank I already have and it'll be under my name but i'm trying to buy out of state rentals with an LLC I own.

It allows the sponsor to buy and sell real estate within the fund as well, maybe doing multiple smaller deals.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

He is probably trying to find someone that will buy the property, he then charges a "markup" to the buyer.

Looking to buy Business around Portland metro below $300k.