I'm just trying to figure out how i can structure a deal in everyone's favor.

I like your last sentence.

I'm looking for deal structure, pros and cons, tips, etc.My goal is to buy some of these new small affordable starter homes at a price that will cash flow, after foregoing my half of the equity split. 

This can also be confusing because there is often what's called a "pass through" or "disregarded" entity in the structure.

Is there a structured template you could give that is intended for real estate funding strategies?

For example, build a buffer into your timeline and budget based on your previous experience with contractors, or seek out properties where the rehab is more cosmetic than structural to reduce the complexity. 

Example: November 2023 sold for 500kListed under foreclosure for 260k now.Photos don't show any updates or signs of any rehab being started.My first guess it these were bought as rehabs without inspection and people found severe structural issues that they cant afford to remedy, which is common with the amount of water around us on Long Island.What other assumptions or conclusions would you draw from seeing listing like this one?

You are well structured to use the debt snowball to pay down houses quickly, and appears from what you have written that this would be in keeping with your current strategy.  

Seems funds would be available quicker using a checkbook with this structure. 

Also we rarely do structural changes in the first time home buyer space we work in because budgets dont typically allow.