This is the reason for the post, we are a big budget couple and love to save money, so we could put down 5% on a primary residence in the next 6 months very easily if needed.

Why don't you post the details of your deal, pictures and location?

There was a lot to unravel in your post, but I did my best hahaPlease reach out if you have any other questions.

If I don't hear from them (or if I intend to non-renew their lease) I send them a 30 day notice to quit when we're 30 days out from the lease termination date.I state in the lease that I'm allowed to post "For Rent" or "For Sale" signs on the property and / or post "For Rent" signs in the window of the unit which is to be vacated, and further state that the tenant agrees to showings of the property with a 24 hour notice.

@Krishna SurendraRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

*This post does not create a CPA-client relationship.

I've gotten so much good information and guidance from here.

@Mike WellsNormally the price of any project, including tax preparation, is discussed up front.These two posts may provide some insight for the future:https://www.biggerpockets.com/forums/51/topics/998718-explai...https://www.biggerpockets.com/forums/51/topics/1088325-expla...

Where can I get information about investing out of state and learning the differences and advantages? 

This is one of the better new investor posts I have read in a while because you know to stay in your day job and earn money to invest and you are also way ahead of the curve thinking about syndication (as close to passive as you can get) over flipping (don't do that with friends).Your job for the next months would be to go to every meetup locally that you can and read books focused on what you are thinking about first.