Lots of options as to how to make that happen but they really depend on his circumstances and motivation so I won't go into all of them here.

Your circumstances may prevent you for going where the action is but if you have no family obligations always be able to move to where that economy helps y'all.Good luck to both of you!

This distinction if of course most important when you need to use cash out proceeds to pay down credit cards used for rehab or keep the ball rolling and re invest for more flips/investments.  

Sometimes issues just do happen, I've had to get some work done on places I've bought as well due to unfortunate circumstances - diverter valve replacement, laundry machine replacement, toilet piping recall that sent parts but had to hire a plumber, etc. and you can either keep on going, hire someone else to manage the property, or sell the place.You say you're willing to put in the work and aren't afraid to put in the effort and that mindset will definitely help you.

(Having said that, I have occasionally lent 100% but the circumstances are unusual and rare, and never with a beginner. 

So these fine distinctions matter quite a lot to me. 

I second @Michael Plaks question (I think NV, WY, DE LLC's for RE are amusing but not really useful, holding companies excepted in certain circumstances) and will add one:What is the benefit of a Series LLC over a regular LLC, other than cost savings? 

Under no circumstances shall --------------- or its employees and agents be liable to owner for direct, special or consequential damages, including but not limited to loss of use, loss of profit or claims for delay damages made by contractors or subcontractors."

Would there be any reason I would get denied an FHA loan given my circumstances?

I’ve had tenants that were late for “life unavoidable circumstances” but were courteous enough to call and let me know the situation and that they would be paying the late fees and rent on such and such a date.