Growing up my parents had a few rentals so I had some background, but my involvement mostly consisted of helping to clean, paint, repair, etc. to get the house ready for a new tenant. 

I recently had to replace some water damaged ones, and having struggled with this stuff in the past to do a decent repair job because of the blind tongue & groove nature of it, went to Harbor Freight and bought a 1/4" air crown stapler for $20.

That puts me ahead of the competition. 

Somebody else who isn't going to run some sketchy secret business is probably perfectly happy to rent your space and tell you what they plan to do ahead of time.All of those other questions depend on the terms of your lease.

I would try to do the 203k loan to finance most of the repairs.

We’d both purchase through our LLC 50% each.Thinking use a joint account between us to collect rents and hold funds for repairs and cap ex funds etcAny thoughts on how to structure?

Who is responsible for the maintenance and repairs ?

The condo master policy covers "sheetrock out" I was told, and they have a $10k deductible.  As landlord, I didn't have any additional insurance.  So now the insurance company has finished their investigation.  I need...

Structural repairs will have to be made in the attic and crawl space.

Structural repairs will have to be made in the attic and crawl space.