.), but my family cannot relocate to a big city.I know the business with regards to structuring the capital stack, how investors/developers look at deals, how lenders look at deals, and I can underwrite CRE investments.

How would you go about structuring a deal for a partner of buy/hold? 

The condo HOA has the master insurance that covers structure, exterior, and roof.

3) What is the fee structure?

My accountant has told me that I will always have to file tax on this type of investment as ordinary income rather than capital gains no matter how I structure it.

However, I understand that with me being structured as a single-member LLC, I cannot pay myself an hourly rate for the work I do, or in other words have my LLC send myself a 1099-NEC at the end of the year.

Unless you plan to pay cash for your properties, get pre-qualified for an investor loan, so you will know how much credit you will have access to.The end goal - This is usually something like $10,000/Mo. income, in present value dollars.Time frame - The shorter your time frame to reach your goal, the more initial capital and credit you will need.Your plan does not need to be complex or in any specific structure.

Depends on how it is structured but essentially the other buyer is more or less giving them $10k in non-refundable earnest money (or the seller is holding refundable earnest money and using it to buy a car, not very smart).

Is there any need to set up an LLC or any separate entity for passive multi family investments? We set up an LLC last year for a couple of rental homes that we have but are now branching out into some passive syndicat...

Some rehab work has been started and is currently sitting as a shell.