If the partners can be considered active, then you can form a JV structure, and a securities attorney will be able to help you understand the threshold of involvement they must have to considered active.Now, on to what is equitable: I would say most common structure is a pref plus carried interest structure.  

Is this common in Indy?

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

The most common low money down is a FHA as it is 3.5% down on 1-4 units.

This is a common question especially this year...

No pet deposit but a clause to acknowledge any new damage caused by pet would be paid for by Tenant, like any other leasee, must clean up common areas of pet fur and usual pet clauses. 

Here in the south fire ants are pretty common.

Those are the most common from what I have seen. 

Those are common nails and but roofing nails.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.