Hi Melanie, i am in a not-to dissimilar situation.

I am investing out of state so I believe that a PM is critical so I can pay attention to other endeavors. 

I'd say 3-6 per group, with 1 group of 3 handymen that could "fill" those critical paths per project.

Too many things that can trip up a deal and the attorney fee will help you avoid any critical gotchas.

Some constructive criticism would also be much appreciated. 

that will help you get a good agreement for less moneyIt's critical to understand how one person can get kicked out by the other two, what happens if someone dies and their spouse now has "a say", etc. 

Markets, and finding the micro-markets in those markets, that are filled with properties that match your "specific financial criteria of need", is critical to your success...and, to maximizing the use of the one thing you have a limit on (and shelf life)...your time. 

It’s an industry generally terrible about adopting innovation because many working that industry are still seeing it as a competition to their day-day versus replacing low skill tasks and personnel to focus in higher value activities critical in the people era.

I bet if you broke down the cash flows my doomsday downside risk numbers would be a lot less critical if they included appreciation in rental incomes and the relatively less important depreciation in equity (as it doesn't impact cash flows immediately).

I am a new investor looking for advice or helpful criticism of my abilities.