Sleep, I use to be a firefighter for 15 years, so no recovering from the lack of sleep there I am about 6.5-7 hours a night7.

RentingFamilyMember is not interetsed in making money, just not paying the food, utilities, etc. of the SiblingRenter.(2) RentingFamilyMember's AGI is too high and Schedule E passive losses are limited.

Loss History (see if you can get at least 5 years from the current owner) Ask them for "Loss Runs"5.

NOTE: If the bank won’t settle than the property can be rented usually long enough to recover the HOA cost and a profit to boot.

Hoping to recoup some losses without having turnover and the costs associated with thatthanks!

I've found a few online though I'm looking for one that has-property description, condition, purchase price, closing date, default clauses, insurance contingency, risk and loss damage, adjustmentsDo I need all of this and if so where should I get it?

Topic no. 409 covers general capital gain and loss information.The rest will be taxed, so a big chunk of that money will go to your uncle who happens to be a partner of yours. 

Just need PnL (Profit and Loss) and B/S sheet (Balance Sheet) right?

I would reconsider doing STRs for that reason so that you can potentially take a loss against your W2 income.

Discussing potential profit splits & what happens in a loss situation, liability, stalemates on decisions etc. are valuable topics to discuss.