So here is the situation...On October 1st my tenant mentioned their washer (purchased by them) was leaking and that there was major warping in the downstairs bathroom (also the washer/dryer room), bedroom, and hallway.

I suggest listening to all the BiggerPockets Podcasts You'll get an idea of how other people structure their businesses and put systems in place.

We did this so that if there is an accident or something happens at our rental, our liability is limited.By running your properties in an LLC and as a company, you will treat the money more as a business and less like a personal piggy bank.My wife and I used to run a small farm business (VERY small business) and figured it wasn't important to have a separate corporate structure.

New hardwood floors, vanity upgrades, kitchen countertops, bathroom tile, carpet and of course new wall and ceiling paint.

Hvac system, Water heater, Fence, Flooring, Carpet cleaning, redoing bathrooms, painting and also cutting some trees in the yard.

I have a local partner there who is a US citizen/resident and we would like to go in it together i.e. split the funds, mortgage, costs, etc.I know there are different structures available such as LLC, LLP, LP and a plain partnership, and wanted to know what the benefits and disadvantages are of each regarding things like taxes, liability, etc.

Brick can be laid up thousands of ways and thicknesses depending on the aesthetics or structural demands of the home/building.

The next four deals will most likely be the same structure or partner only financing.Lucas

And it has 2 bathrooms on the main floor.

I tile all kitchen and bathrooms, use clog free toilets, hardwood or laminate everywhere else, and install shower doors to keep water in the shower instead of the bathroom floor.