I'm trying to understand what is the best way to approach a partnership structure for buy and hold properties where one partner is the finance (100% or close to) and one is the locate, manage rehab, manage property, and manage future sale (5 years or more down the road).I'm the one who is not bringing the finance.From what I've been able to see, there are a lot of posts on 50/50 partnership splits for profit, etc where one partner funds and other other partner does the legwork if it is a flip, but so far there is very little info out there for this approach with buy and hold.I've seen some comments stating that it would be surprising to find an investor who wanted to do this as the returns are not that great.

From what I understand from your post is that you are a landlord in which you have rented your unit to a company so that they can provide corporate housing to their employees (employee). 

I would caution you to make sure you really understand how to underwrite deals.

I am a residential remodeling contractor by trade with a solid understanding of the rehab process and a network of laborers and subcontractors that I can rely on, and thus plan on managing this first rehab myself. 

In my mind, a good STR manager is part marketer, part hospitality host, part project manager, and understands the investment side as well.

While I can understand that people would run away from mold, as long as there is solid, written proof that it has been taken care of they really shouldn't be any issue.If you wanted to, you can also pay for inspector to go through and show that there is no mold on the report.That's funny that Home buyers are running because it's listed, lol.

Since the loans are not for my primary residence I understand that FHA and VA will not work.

If you have little to no capital that is understandable, but note that trying to jump on a bandwagon that has left the station already might not be the best course of action...

Having your LLC name attached to the plans does provide some protection, but it's wise to check with legal counsel to understand the full extent of that protection. 

Just trying to understand tax implications.