First, leverage house hacking, which allows you to live in one unit of a multi-family property while renting out the others to cover your mortgage.

Thanks in advance for your help!

My recommendation is to choose a medium sized management company, if it's one of your only properties. 

They already own one half.  

The correct procedure is to process payments to owners from your company's operating account.

We have the vendors all lined up ready to come in and fix stuff next week and it's nothing that can't be done within 1-2 weeks, even if our own DIY things. 

But I might just be exposing my own biases here.  

With wholesalers on their own with or without guru training I would say maybe 2 or 3 out of 100 actually build a sustainable bizz.. 

You will not find a lender who will go below $75,000 on an individual asset if your property appraises for anything less than let’s say 96,000, you’re going to have to utilize what is called a blanket loan.

To answer your question, the advantage the GP has is control, and the ability to gain wealth from their equity position (hopefully not so much for asset management fees) by selling at a big gain.