It will likely be more difficult to rent to a able-bodied tenants and much easier to rent to disabled tenants, possibly at a premium since it is (almost) ready to go.

It's very difficult for somebody in your position to find an equity partner on a $50K rental property, let alone millions of dollars of stuff.As others mentioned, start small and prove you can make it work with your own funds first, then the partnership arrangements will find you.

During difficult economic times, fewer people tend to take vacations.

We are out of country and having a very difficult time knowing what is going on on the ground.

Selling the property, while a difficult decision, may need consideration based on the financial implications of maintaining it under the increased insurance cost.

Some rehab style lenders make it difficult for newbies to gain maximum leverage due to lack of deals done.......NOT US!

The more you customize the software, the harder it is to maintain and you end up with vendor lock which in simple terms you are at the mercy of your developer(s) as they are creating custom code that is difficult to maintain without them. 

If you're willing to educate yourself and have the personality for dealing with difficult situations, then it may be a good choice.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

I've read (all my knowledge is theoretical) that tenants on government assistance can be really rough on properties (I also see that as painting with a broad brush) but the government assistance side of that is pretty stable income, and it doesn't seem terribly difficult to raise rent either, just requires 60-days notice instead of 30. 

Very difficult to force collection on a debt not secured by an asset.