Then I would take the proceeds and invest in something locally that is more rent-ready to start your journey without the collar of repairs.

I’d suggest drafting a solid agreement upfront that covers everything—ownership percentage, costs (mortgage, repairs, utilities), how profit is split, and even exit strategies if one of you wants out.

This means all the tenants rent and other income less all the repairs and mgmt fees..You shouldn't need to look at that many reports.

As stated, if an owner has the rent checks go directly to them, tenants call a Maintenace coordinator to handle repairs, and have an attorney, what more do they need ?

This will probably be unpopular but you should save for a few more years even if you save enough for your down payment, if you are exhausting all your savings, you will struggle with any unexpected repairs.

Some are incredibly simple and require little to no repairs. 

However, I blocked the dates until September 20th to complete some necessary repairs.

Appliance repair person lined up, warranties don't work fast enough for STRs, you need to pay to have an appliance fixed or replaced right away.

I have some cleaning and repairs that need to be done in the empty unit along with the common area. 

Turns out, the demand for renovated homes actually picked up, since many locals were looking to move into places without the hassle of dealing with repairs themselves.From what I've heard, Tampa's market is showing some strong signs of resilience.