Unless you think you can bump rents or find a way to reduce other expenses, you are paying $100K to get several years of unpaid practice at landlording.  

I've been trying to find creative ways to finance the property so I can act quickly since this property is checking all the boxes I want.One strategy I've been thinking is partnering with a friend who still lives in the town so he could be on the primary borrower on the bank loan and potentially qualify for an FHA loan which would significantly reduce the down payment requirenments.

Man, don't take this the wrong way, but if you work a part-time job and come home and want to rest at 18 years old, you need to figure out why your energy level is so low.

How could I provide them value and reduce their work load a bit?

A retirement plan may include restructuring your current mortgages to reduce the years in the loan term (i.e. going from a 30yr loan to a 15 year).

Sean,Your plan is a great one for helping you reduce your overhead to increase your capital savings. 

The permit application for landlords would include a completed self-inspection checklist certifying that the unit complies with the standards in the ordinance (including energy efficiency standards for attic insulation and attic access and efficient shower heads, faucet aerators, and toilets), documentation of maintenance of the HVAC system, and payment of a fee, which will start at around $70 per year.

In order to grow to the next level, I want to bring on friends and family to reduce the amount of equity I have in the deal. 

This will reduce the overhead costs of LLC annual fees / registered agent fees.The more states involved, the higher the annual LLC fees / registered agent fees.

(median prices here are ~ 300K), considering rent, I do see folks demanding 2k per month in this area which requires household income of atleast 5-6k (thats 60-70K)..I do believe thats quite high but I am seeing those homes get filled up too...however reducing by 100-150 does't hurt either..In conclusion if musk pays most of the production workers , engineers well (stock being a must here), DV should be OK?