nope just do a simple LLC agreement with both of you as managing members or you manage him member and spell out the business arrangement in the operating agreement that is simple no need for PPM if its just you and one investor you know.  

I've recently worked out an arrangement with some friends to partner on some properties as well (and future properties).What are the best options in getting both of us protected when it comes to this partnered-property?

If you're all alone, you might arrange for somebody to call you every hour or two, to make sure you're not lying in a heap in the yard.    

We arrange financing for first timers as well as seasoned investors/owners, so everything is possible. 

With the equity and the VA, you should be able to get into a decent house-hack arrangement, or just use the VA for your primary and the equity for your investments.  

Are there any verbal agreements or arrangements between the current Landlord and Tenant?

If you have ever purchased an investment property from a family member (or friend) or structured some sort of profit sharing arrangement I’d love to hear about it.

Just need general advice on how to arrange the appliances, colors, flooring, etc.

a friend use to use this carrot to receive rents on time (the first):1. tenant would have to deposit the rent by the first of the month on their own and if the first is a weekend or Saturday they had to make the arrangements so that was credit to the account by the first.  2.

Remember, the fourth "R" is Refinance (so that your uncle can be paid off, and/or new arrangements can be made for your Repeats)!