Anyone reading this that has made purchases of multifam's in the Memphis areas please I would love to learn your process so I too can venture into that realm.

Here's a video with some tips, but I recommend you watch several videos, read some blogs, and educate yourself on what to look for in a brokerage:

I read your post and it looks like you want a partner but it wasn't very clear exactly what you want or what you're looking for.

She read 2 books, "Retire with Real Estate" and "Set for Life".

As everyone said, 20% is fair for a manager to take care of a STR.

You'll want to read Maryland new requirements for landlords.https://dhcd.maryland.gov/TurningTheKey/Documents/HB693-Land...

However, with your high W2 income and your partner’s weaker credit and cash flow, you might need to structure the agreement carefully.

Also I understand the funds aren't available for the improvements so that is another obstacle that has me leaning towards price reductions to move on as soon as possible.The exit of lower tier SFH's is something very few investors care to consider when making their investments but deserves far more consideration. 

From the start we could tell she hadn't read any of the questions we carefully answered nor reviewed any of the sensitive documents we uploaded during onboarding.

You can also search Google and read reviews.