I wouldn't be opposed to having a little skin in the game (closing costs, inspections, etc) I would be living there paying market rent and doing the improvements myself.

The lender wouldn't yield $80k, they'd yield $80k less taxes which is closer to $50k.Going back to I am confused, I don't understand exactly what you are looking to do or trying to get at.

Focus on understanding the rental market, conducting thorough property inspections, and leveraging owner-occupied financing options like FHA loans.

Are they giving advice about the policy and inspection? 

Typically repairs are something they would coordinate with tenants - did they inspect the unit, indicate they would be the primary POC going forward, etc.? 

If you’re open to taking a closer look at Memphis, I’d be happy to run numbers for you on some properties that match your goals.

I ended up working my father into other areas of my acquisitions (inspections and renovations) along with several other family members oddly enough.

I personally inspected the properties, managed and participated in the rehab, interviewed and placed tenants under lease, and performed all of the ongoing maintenance and management of the rentals. 

After this, we are hoping to pursue more destination-location STRs in Oregon and Washington, and possibly BRRRR LTRs closer to home to diversify a bit.Help me analyze this potential build.

We got to know each other, I observed him working and managing his company and crews, while inspected all the resale and rental projects.