If I had to go back to 1996 when I started, I would do the same thing - get a small multifamily and live in one of the units.One thing I'd change is that I'd operate on of the units as a short-term rental/corporate rental.The technology wasn't around then, but it sure is available now. 

My wife and I currently own and operate a small cabin rental business in Southern Colorado on the Rio Grande River.  

I’m not sure anything’s besides just setting up a normal llc is worth it.If you want to get technical about it you can have an attorney set it up with a partnership or operating agreement.

But living in Texas has showed me that MTM can allow for greater operational flexibility for the landlord and more freedom for the tenant. 

I'm just getting starting and I'm looking to build systems that could generate 5 to 10 deals a month; nationwide.  

I dont want the tenant to feel like they are paying an individual (me) .I would be nice if they also generated a report.2>I want to use a 24/7 service to be available to take service calls from tenant via a 1-800 number and log a ticket.

This structure first compensates either partner for skin in the game (kind of like you would otherwise need to pay for private money), then splits rest.On the legal structure, sounds like you'll want to set up an LLC, along with an operating agreement that specifies the different duties you each have, all the stuff you agreed on deal structure above.

The goal/strategy is to find properties in the Philly area that could be rented out and generate cash flow. 

You will lose money one way or another on those appliances I can assure you so you need to have the tenant paying extra in the form of coin operated machines or increased rent

I was looking at Dover/Portsmouth for a small one family but am a bit lost in terms of what to look for and what property in NH would generate the most income.