I might be able to increase rents to $225 even but that might be a big jump to put in play in the first year?

What is the standard structute to have my partner pay back the 50% of the downpayment?

Thereafter I plan on increasing rent, but I'm adamant about making this deal work with the current tenant for the first year.

If the anchor tenant goes out of business or moves (highly unlikely I'm guessing) the value would increase a lot due to the easing of the deed restriction.

When the mortgage goes through I would like to repeat the process.I feel my core competency would be remodeling the structure to a high standard while saving a huge amount of remodeling fees through expertise, creativity and elbow grease. 

Obviously I've got a short list from Google, but wondering if anyone has suggestions for standard cleanings and tune-ups?

You can do it, but if it came down to a legal matter, the lease would set the standard. 

How is free (free in the sense it is included in a standard closing)? 

At this point in time, I am doing what I can to increase our buying power like finding a higher paying company to work for, and saving more cash etc.

Tampa - strong economy, few cities have seen the price of homes appreciate as fast as they have in Tampa & Orlando in the past 5 years, the median home increased in value by nearly 47% according to yahoo.