Each property will have to be assessed individually to see what way or strategy works best. 

The other half are caveat emptor.2) When buying through an individual that likely isn't following state real estate laws already since they likely are in violation of the state brokers act....you probably arnt getting a disclosure even if state law requires it.

He is seeking the lower down payment.

You have not done real estate deals in the past as a group or also individually?

Therefore they can only go after what is in each individual LLC. 3.

I will be seeking financing with my partner, who also has excellent credit.My main concern is the amount my credit score would drop when taking the offer, and if this would adversely affect our ability to apply for financing.

One thing that I noticed helps a lot of times is going to local networking events and hanging around like-minded individuals.

There are tons of valuable posts, learning materials, and great individuals here on Biggerposckets- so this is already a good start.

If you're still living in it, you can rent it out by the room to multiple individuals or even as a live-in STR depending on your risk tolerance & city ordinances. 

Stucco, no decks, I’m renting individual rooms, 10min away from my house, easy maintenance.