If you know what you are doing, you could make those numbers work, but you'll have to fund the repairs along the way, and hard money is expensive and terms are aggressive and typically don't work in your favor.

Typically insurance will help with the cost of relocating the occupant of the house that is no longer habitable. 

I actually end up ordering the whole set, because I want them to match as best as possible, and I order sizes they don't typically carry on the shelf.

Can someone provide a brief outline of a typical structure for deals where one experienced managing partner puts together a deal and takes on a number of investor partners?

There isn't typically a contract.

Ballpark 0.3 to 0.7 discount points per 0.125% to rate is about what I typically see for FNMA direct stuff from most lenders.

The higher the #, typically equals worse neighborhood. - Does the rent price include utilities, lawn care, etc? 

When it comes down to ROI for unit size typically 2 bedrooms do well, it’s like goldilocks.

Listing ppw typically states that the listing agent gets the commission for both sides, if buyer does not have an agent.

Call and set up appointments with different firms.Count on spending  some money and potentially not making any money in year 1 (again potentially), commercial properties while typically much higher, also tend to be for sale much longer and the time from LOI (letter of intent) and closing can be substantial.