Again, depends on how you're planning to use the property (exclusively investment, blended occupancy/rental, or full-time occupancy) - if investment only an LLC would be the move. 

As a broker, I can provide insights on the best undervalued properties in the Charlotte area and connect you with Compass’s tools that streamline the renovation and resale process.Let’s connect and discuss how to make your next BRRR deal smoother and more profitable.

There are also several funds out there that provide high single digit yields that are low risk. 

The PM should provide itemized items of what was done.

But bottom line: January rent is due to you provided the tenants were informed of the sale on or prior to closing. 

I want to go the buy-and-hold route, and I am interested in finding a duplex that will provide a steady cash flow, a high appreciation value and does not need renovations.

General investing by the typical investor on Bigger Pockets isn't thinking of or capable of providing directives for massive wealth accumulation.

Then the remaining profits get distributed at whatever split you both agree to...I often see it start at 25/75 (75 to the person in your position) and then maybe increase it to 40/60 or 50/50.It would really help if you could provide some numbers on your deal. 

Do you get any volume discounts or better service due to the volume of your business from the current providers, that might be something to consider. not sure if that is even a thing for lawyers though.

It's hard to provide any advice without more context with your situation.