I'd recommend the BP Beginners Guide (education department of this site - it's free), this will help layout what you need to define.20% for your first property (I THINK) is too much.

Your Operating Agreement (in Texas it's called a Company Agreement) is where you lay out all the terms of your "partnership."  

In my opinion none of the "Smart" TV's are very easy to use with clumsy remotes and non-intuitive menu options with one exception (see below):In my experience the Roku solutions are the best and easiest for people to figure out.

Additional labor costs should be expected for any set up like cement floating or installation of hardi backer (cement board, etc) as well as additional labor costs for intricate layouts or details like metal edging or bull nosing stone. 

On occasion we @Kevin Kovalsky may want to reconfigure the layout of one of our apartment units.  

Love your carrot layout!

If alongside the basic information that you use to market properties on sale (the photographs, descriptions) you included floor plans,...... nothing too complex just floor areas and layout of rooms.

All units are identical in layout. 

Then,  I'd recommend you visit with your attorney and CPA and lay out the situation to them.

Do research on comps or consult a realtor knowledgeable about the neighborhood so that you plan now for the layout that will work best at time of resale.