I will hire out a lawn service for mowing  ,but how do I go about  paying the water bill, not able to figure this out .

This is a high risk investment for anyone to consider and your best bet is to find a long-term job and qualify on your own.1) Two people applying for a mortgage will go against both applicant's DTI in full.2) What if there is no cash-flow and no equity/ appreciation.What can force you to sell the property keeping her in a bad investment3) What is the market turns and you are not able to refinance the property?

Years ago I came across a multifamily where the owner was not able to ready the property for market and thought it could not be sold until repairs which she could not do had been made.

One thing I’m not able to find, is if I as an owner can take draws from the company and if there are any restrictions.

I am not able to do HELOCs in Texas. 

Asset based mortgages carry a better rate but you are going to have your assets locked up not able to touch until you refinance or sell the properties.

You would need a proper assignment agreement, full disclosures and the title company to arrange assignment and settlement and the collection of you're giant profits. 

Is he not able to buy land himself?

Cabins also look much better than giant hotels do in this area and maintains the integrity of the area.

We had issue where some tenant were not able to pay with error "ACH Limit has reached".