Verify tenant notification: Confirm that the property management company has notified the tenants.

I would reach out to @Dave Foster to confirm.  

I also assume you do not have ample cash, so reserves would be even tighter and you'll be bleeding monthly on it cash flow wise.

With $330/m in cash flow, unless you have sufficient reserves set aside those funds should remain as liquid as possible in the event of repairs or cap ex.

But you will need some good capital and reserves unless you have a very trusted boots on the ground partner that can help you out.

I got confused with a lot of the answers on this thread so thought I would confirm for you that the debt your partner gets will not be on your credit report and the debt will not negatively affect your DTI on new mortgage applications.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

Brandon,Check out Indiana & Ohio for states that you can buy 2-3 for that amount of liquid reserves. 

2) seems to me(not confirmed) that the GPs failed to vett out & manage the performance of these hired companies properly & promptly.

Just want to make sure it's ok to use the lease agreement since it says all rights reserved to bigger pockets.