Ok,Im a home health Physical therapist and have the opportunity to cruise through many neighborhoods a day and think i have found a home that may benefit a whole sale specialist.

Any suggestions on how to best structure it?

I am no expert, but the one thing I have learned is to be careful with structural problems.  

Tenants are extremely hard on appliances, it is not uncommon.Landlord Responsibilities: Landlord will at all times during the tenancy keep the premises fit for human habitation, and shall in particular:a.Cultivate, care for and mow surrounding grass, lawn, flowers, and shrubberyb.Maintain the premises to substantially comply with any applicable code, statue, ordinance, or regulation governing the premisec.Maintain the roof, floors, walls, foundations, and all other structural components in reasonable good repair as to be usable and capable of resisting normal loadsd.Keep any shared or common areas reasonable clean, sanitary, and safe from defects increasing the hazards of fire or accidente.Provide a reasonable program for the control of infestation by insects, rodents, and other pests at move in f.Except where the condition is attributable to normal wear and tear, make repairs and arrangements necessary to put and keep the premises in as good condition as at move ing.Provide reasonably adequate locks and provide keys to the tenanth.Maintain all electrical, plumbing (main lines), heating, and other facilities and appliances supplied by Landlord in reasonably good working orderi.Maintain the unit in reasonably weather tight conditionj.Provide facilities adequate to supply heat and water and hot water as reasonably required by the tenant

When you say "access", I'm assuming  you do mean computer and not physical entry with scheduling appointments...Zillow and trulia update with the mls,  and can be a good source of information. 

Insurance is really about covering the structure that is there even if that structure has unpermitted additions.

Is this a wood structure, metal structure or masonry structure; as this effects the level of design work needed. 

He said there's no structural repairs needed, no wood rot, no bugs or mold.

Your situation sounds like a candidate for LLC protection, but I'm no lawyer.There are some good books on entity structures as well, and I think there's a webinar or pod cast on the topic here at BiggerPockets.

How do I setup a loan with possible investor and what type of lawyer to see to do the paperwork for a flip I may do.