Porter pointed out and is VERY correct, you should always separate your financial operations and your TPMs for a variety of reasons.  

Variety of topics with different experts.West DFW REI Group- https://www.westdfwreigroup.com/ Check their online calendar for meeting times.

Waiting on the appraisal.I’m trying to negotiate with the seller as the inspection revealed that the electrical panel is not up to code and needs to be replaced (got estimate for $3.6k).

The answer to those questions will help reveal what strategy makes sense for you. 

I'm afraid the answer right now isn't seeming clear cut to me given the different responses to this post alone lolJust google it up read All the requirements on FHA’s website….instead of asking a variety of people that likely only know part of the rules.. 

Even there, a variety of banks/credit unions will pull your credit and not actually have an appetite for lending on investment property.  

Either way......Trust me the business will teach and reveal itself to you once you get started.

Not revealing too much personal information. 

If your tax bracket is high over 35% then yes, the C-corp may make sense, it depends on a variety of factors including your end goal.Why did you taken on a partner?

My company works with most properties and has a variety of management plans depending on your needs.