They sound like a lot to us, particularly for the roof work since it's only 400 sq. ft., but being newbies we have no frame of reference.

I have to say my experiences with AAA and Travelers have been pretty good (I live in a high fire risk area so not a lot to choose from).

Joe Fairless has quickly scaled to $100M+ in assets under management and has utilized unique methods to establish credibility and raise several millions from investors for his apartment syndications.  

There are several options, ranging from a simple agreement to establishing a Real Estate Holding entity and an escrow account to protect the funds. 

Regionals will be mostly in place as mentors and supervisors, because the main investor's idea is to receive little-to-no phone calls once this is established and running well--it's a fun retirement plan and a personal goal.Here's where I would like to reach out to BP: Does anyone have anything similar to this?

Regionals will be mostly in place as mentors and supervisors, because the main investor's idea is to receive little-to-no phone calls once this is established and running well--it's a fun retirement plan and a personal goal.Here's where I would like to reach out to BP: Does anyone have anything similar to this?

@Justin Garrett, The improvements along with depreciation taken all go toward establishing your adjusted cost basis.  

I've got a lot to learn, and will appreciate any and all discussion!

Sure, first you need to be an established business with a proper license.  

It will give you exposure and help you establish rapore and a network.