I felt it needed to be restored appropriately.

They will work with title, escrow, and/or the closing attorney, as appropriate for your state.

If you think there's something in the future that would negatively affect rentals (i.e. eviction moratorium extended, new rental laws, different President, housing market crash, etc.) then look for deals that can withstand that temporary setback.If you purchase appropriately, rentals should be able to easily handle a downturn.

What is the FHA 203(K) Rehabilitation Loan?

It's a much better mentality for growth to think along the lines of you transitioning from one full-time to another.A lot of people like the idea of them 'making their own hours' but the people that do that are in two pools usually: they're already extremely successful and delegate appropriately or they're starting out and not reaching their full potential. 

A partnership tax entity offers a lot of flexibility regarding allocations.In general, tax follows whatever allocations are written into the operating agreement as long as said allocations have substantial economic effect.1/3 - 1/3 - 1/3 may or may not be appropriate. 

As stated above, MFHs priced appropriately is tough to find right now, but not impossible.

You can share this information with the appraiser, and they can make the appropriate adjustments to the comparable properties in their report.

Much more confidence inspiring to wrap your own head around appropriate ARV rather than banking on the opinion of someone else. 

If your partners are truly silent you are selling them a security so you need to file the appropriate exemptions and have the proper documents drawn up for your offering by an SEC attorney.