Better to go conventional with 5% down.

Just from my own experience, if you were not going to separate the heat, electrical, or plumbing, I would do it anyway. 

Theoretically, I should be able to collect the funds from the deal, should my family member decide to go through with the deal.

Quote from @Ko Kashiwagi: Hi Joe,You can go to notifications -> notifications -> find the colleague request -> accept. 

I am looking for a CPA to give guidance on the most effective way to go about the process and work with going forward.

Im no legal expert but belief if you get foreclosed on 2nd home and you still owe money they can come put lien/go after first house.

Quote from @Joseph Mena: Are the going/common down payment minimum for duplex's (20%) tri/quadplex (25%)?

Looking to do my first BRRRR out of state and I am wondering what to have on a checklist if I were to have someone go take a look at a property for me.

A lot of things are going right for you.

Quote from @Donyea Jenkins: If an employee told me he wanted to be a 1099 and have his wages sent to his church and they were going to take care of his needs, would the employee still have to pay takes on his wages?