It'll start to become more passive after awhile as the routine gets familiar. 

This routine of k-12 five days a week not only educates us, it serves as a daycare, and it preps us for the same basic routine of getting up in the morning and getting ready for work and clocking in on time, or there's consequences.    

Sometimes things get uncomfortable for no apparent reason.6) At the time of closing we were under budget on expenses and returned $125,000 in capital to all the investors (total) which made them and us ecstatic.  

If you're at all uncomfortable though ask the questions.

I'm leaning heavily in this direction, but the only thing that makes me a bit uncomfortable is the fact that there is so much distance/space between them and me.

HI Jason, Unfortunately, you must reinvest the net sale price ($750,000 less routine selling expenses) in order to defer all of your taxable gain. 

It's usually done as a percentage of your rent payment, and would probably depend based on having an inspection done.In general people set aside 10% of gross rent for management, 5-10% (or even more) for routine maintenance, and the same amount for CapEx unless you know something needs to be replaced sooner.Provided the renovations on this house were done completely and correctly I would use between 5-7% for repairs and maintenance.

For a long distance landlord, it is essential that you inquire about regular/routine inspections with in your management agreement.

How can you live in the real estate industry an be uncomfortable with debt financing!?

as stated above not only do U have partnership issues .. but 100% finance on rentals is a slow death unless your able to routinely buy FAR under market.. and it can be done but hard to scale as there is a lot of competition for those assets..