Lenders would most likely approve something like this for a military/veteran married couple or a syndicate with contracts in place.

I use my own person that can usually fix a problem same day.

@Myer Johnson   I see it is finally under contract. 

Either a personal residential home or an investment property? 

I entered into a contract with a reputable builder ( at least I thought at first) in SW Florida.

I’m arranging to have a local handyman + general maintenance person as people that I can reach out to if guests need anything, but wondering how to contract/pay them?

Quote from @Diran Deukmajian: State laws vary, so you should talk to the Sheriff's Department and see what to expect.In most states, the Sheriff will show up and expect the person to be out.

Like you said, a real estate attorney would be a valuable person to talk to, but here's what I have: Considerations: short/long-term rentals, co-ownershipTo keep your favorable mortgage rate, you can consider a Joint Tenancy or Tenancy in Common agreement without refinancing.

For instance I was just under contract on a duplex that at best cash flowed $363/month.

Back in Washington where we fix & flipped properties I did anything from general contracting from demo to finishing touches, managed project budgets & timelines to stay within our projections and SOW, raised capital for down payment on hard money loans, interest on loans and rehabs, worked with my hands (best at flooring, trim, caulk, cabinets, fences, punch list items) and was the real estate agent for acquiring and selling our flips.