You might want to speak to a real estate tax pro about both of your unique situations tax wise, and the possibility of having a multi-member LLC set up for you.

Just make sure you know how your going to setup your take-out/permanent financing before you start this process as cashout refi's for conventional have seasoning requirements now and delayed financing has rules and timelines as well. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Their onboarding is very good and they assign a dedicated person to work with you weekly on getting everything set up.

This is how my parents rented for decades when we lost our first house after my father became sick, giving us an education beyond our house buying ability.The houses in these areas always multiple offers and the financing I have set up requires a seller concession of 2%.

You can also set up Assethound (like basset hound) for email alerts of your predetermined search criteria.

We have 3 codes setup for just in case uses.

My business partner and I already set up an LLC and we are looking to start acquiring RE with two other individuals through a joint venture type setup. 

You set up the "master" LLC in your preferred state and then put individual, local LLCs within the series LLC - like files in a cabinet - in the state that you own the property. 

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.