I'm asking him to gather all these docs for me (and he is) but I'm wondering if that's even the norm, or if most investors look over all that during the due diligence phase.

The program is really beneficial, but the assistance comes in the form of a forgivable 2nd mortgage.

Quote from @Lolo Druff: Just like turn signals, you should always trust, but verify that the seller is telling the truth.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

Mortgage interest deductions are typically claimed by the partnership on its tax return and passed to partners via K-1 forms.

Its generally retail medical operators, so we include things like the market dynamics for our use and why statistically the market and location of the site will be viable form a business case standpoint, and speak to how the startup has enlisted the help of an EMR or other such consultant to help in their general rampup and ability to bill/get insurance contracts.  

As far as property management goes, I figured it might be best (in my particular situation) to start with a property manager since I will be travelling for work for most of next year and it would be better to have someone local to handle things for me?  

You don't need to form an LLC before you buy a rental property.

", this is the first time I hear about PadSplit and saw that they are here in BP.https://www.biggerpockets.com/co/padsplitI'm curious to know how that works and if this is a deal breaker for me?

I've been trying to figure out what the best way for me to get my next property should be considering that I don't want to move into it.

For me personally, I would not take on a mortgage if it was going to cause the property to be cash flow negative.