An example of that is tenant must pay for additional electric over flat fee / flat limit since now there is 2 occupants in the home instead of originally one.

To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs. 

We are new so funds are very limited, is there a process you guys use to make sure legalities are set up right, and can they charge on the close of the deal?

While your condo snowball strategy builds equity, modest cash flow and HOA fees may limit returns.

It's very limiting to only be able to rent 3 months or more minimum.

They make you pay 85K as what they call "your Limited Partner contribution" in your first deal. 

Do everything right: To include but not limited to pro photos, professional quality design, durable furnishings.  

It's also listed as just one fee with no limit on the number or size of pets.

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.

If anyone spends any time in Europe, barely any jurisdiction impose these limitations on homeowners/builders yet people live in much smaller spaces... and very happily.