You can usually find some events by doing a simple google search.

I really recommend keeping things simple at this point, grow your income, and grow your knowledge.

Any paper trails that should be in place or is it as simple as giving notice at the right time next year and not renewing the lease?

I would not add much, a simple bedroom, bathroom, kitchen, and hvac.Another aspect of this deal is that the building is listed as a historic building and thus could qualify for some grants. 

Let's use 10% to keep the math simple.  

It's quite simple.

A simple example is that they called to tell me the hose was left on in the pool.  

One very simple example: If you wanted to send money to someone in France, you might go to a bank or Western Union, fill out some paper, pay a fee, wait a week.

If you manage it yourself, tenants likely manage simple fix themselves.

You can usually find some events by doing a simple google search.