Growing up my parents had a few rentals so I had some background, but my involvement mostly consisted of helping to clean, paint, repair, etc. to get the house ready for a new tenant. 

I recently had to replace some water damaged ones, and having struggled with this stuff in the past to do a decent repair job because of the blind tongue & groove nature of it, went to Harbor Freight and bought a 1/4" air crown stapler for $20.

I would try to do the 203k loan to finance most of the repairs.

We’d both purchase through our LLC 50% each.Thinking use a joint account between us to collect rents and hold funds for repairs and cap ex funds etcAny thoughts on how to structure?

Who is responsible for the maintenance and repairs ?

The condo master policy covers "sheetrock out" I was told, and they have a $10k deductible.  As landlord, I didn't have any additional insurance.  So now the insurance company has finished their investigation.  I need...

Structural repairs will have to be made in the attic and crawl space.

Structural repairs will have to be made in the attic and crawl space.

If purchased property with 25% down, at 30 year fix, will cashflow to about 400-500 before future monthly repairs.

For instance a small house in Atlanta my cost $50k plus $20k repairs totaling $70k and will bring about $680 - $800 rent.