So he's cash flowing well on it, he's acknowledged that my situation will be different so I might need to raise rent.3) I think these are all valid questions, but the owner raised these himself too.

Quote from @Kailas Tare: When deciding which market segment to target in real estate—whether it’s multifamily (MF) properties or single-family homes (SFH)—it's crucial to consider the dynamics of the competitive landscape and your own financial position.

and we carry insurance to protect from those situations but unfortunately there are horror stories and tragedies that happen in medicine. 

I am financially independent and don't have a job, though.

Covid19 had nothing to do with my situation.

We've found it's more capable than others when it comes to integrations, reporting capabilities, and efficiencies.The software you've mentioned will be better for the PM activities (property-specific transactions) than keeping up with your financials as a whole. 

But when there are issues, not being local can make managing situations much more difficult than if you were local.  

This just seems like it puts me in a potential bad situation if something goes wrong during the process.  

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

They love the idea of wealth, financial freedom, but don't want to put their own financials on the line.