One of the things that freaks me out is that I don't want people to know my home address for my deals.

There are probably hundreds of how to books but nothing beats real life knowledge and live advice you can get right here.First option which is the best option in my opinion is to keep 100% of the ownership and equity, keep the investor in a lender position, secured with a note and deed of trust which pays investor set interest rate (I typically pay 10%-12%) and you keep all profits.Option 2 would be to give an equity share where lender gets paid interest plus has some % of the equity.

If you want to shoot me your email address I can send you the information and maybe we can catch up.

Bring a potential "deal" to them, (without an address), and ask them to critique the deal.

For example, when I'm writing an offer some of the sellers want to see the address of their property on the pre-approval letter (not a generic pre-approved dollar amount - don't ask me why).

To address the specific OP concepts, there are note investor who purchase assets on a nationwide basis.

You can do so by using the land trust method I have laid out many times in the forums.

My first was trusting him in the first place.My questions... 1-do i have any recourse against his actions?

How can we structure an open ended escrow that places the funds with a third party and allows me to do the improvements and address the deferred maintenance?

Only having one LLC may not be enough, you may consider using Trusts, or any number of other scenarios.