Typically I am seeing investors put down 30-40% to break even or cash flow a bit, so that is about the same as your 80% coverage ratio. 

This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

To locate a property owner, you can typically visit your local county recorder's office or the tax assessor's office.

Also for reference, pretty typical SFH flip type properties in my market are about $300k - $400k price tag.  

You typically can't change the responsibly part on a loan, you'd have to refi. 

or an income play which typically provides lower yield because they typically inherently have lower risk

If you can do a renovation loan with 203k or a homestyle loan to house hack a 2-4 unit multi-family, that typically has the highest potential for equity gain with the lowest cost.  

They are difficult to finance and once the profit split with the hotel plus other fees are deducted from the gross they don't typically look like very good deals.  

This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.

Typically the broker will have a leasing agent that does leasing mostly.