In regards to buying ONLY the coach house I have seen this done with it's own pin but it's not set up fee simple it's set up as a condo with the front buildings units also as a condo each separate pin. 

If it’s a good investment you will find interested people at local REI meetings, or perhaps a friend that has an interest and is willing to do a JV under terms you set?

The attorney and accountant are important as they can help you set up your cozy.co (notice that isn't .com...that goes to something different) as it's simple to use, handles the background checks for us, makes it simple to collect rent and is easily linked to other social media sites so we can get the word out that we have a rental available.

The attorney and accountant are important as they can help you set up your LLC correctly and the banker will be critical when you begin to make offers on properties.

It is the rental market that sets the rents.

They will probably hold your rehab money in an account and have some sort of disbursement criteria set up for all rehabs.

I'm investing in Missouri, he lives  in Maryville, nearby where I invest.I feel we both have similar interests, yet bring different skill sets and attributes to the table. 

Where can I find info on how we set this up and what we need to have in place regarding paperwork etc.

I don't get to Clarksville much but would love to set up a time to meet up.

So again it's up to the individual investors specific set of circumstances, goals, and their tolerance level for debt.