Mold isn’t that big of a deal in itself if caught and addressed early, which means stopping the cause (water penetration) early, but if you have rotten wood, saggy floors, ceiling damage etc. then the ship has sailed on nipping it in the bud early.

Actually, you should have served them notice the minute the septic failed but that ship has sailed. 

If you get a home on the cycle of when officers ship in and out you can almost guaranty that you have great tenants paying off your investment!

I don't see any reason why you should not use it for the whole thing since Quickbooks is capable of tracking the things you mentioned.  

They pool their money to afford something that is beyond their financial capability.

Most tax pros who work with clients nationwide (myself included) have clients who live, work, and invest in multiple states.As long as you work with someone who is either familiar with multiple state laws/regs or has the capability/resources to research the appropriate laws/regs, it should not be a challenge.Ultimately, you have to be comfortable with your team members and how they work.Happy to answer any other questions you may have!

In an effort to be efficient and not use a shutgun approach, what are your favorite ways of locating and networking with individuals interested in, and capable of partnering or investing in my deals?

This is a blood, sweat, tears, and toil kind of thing to learn how to profitably renovate an old MF building with tons of deferred maintenance issues and turn it into a tight little ship that puts a lot of money in your pocket.

It will largely depend on how good you are at finding the right deal, negotiating the best price, managing the rehab and running a tight ship as far as the day to day property management.

Good morning fellow BP members!I've written a few posts, so I figured I'd catch anyone who cares up, and maybe get some other points of view on what I have going on right now.ReCap- I bought my first rental property, ...