I own BlueRibbonHomes, a full-service brokerage that includes property management.

It's heard breaking for me.

This would require you to each report your share of the activity (depreciation included) on your individual tax return according to ownership %. 

Don’t forget to include potential points.

Unfortunately, after using the BP calculator, I'm not sure how we could make this just break even ( calculator is about -1200 a month).

And lastly, there is only about 47 different times a person is told risk is involved, it's investing, results may vary INCLUDING bad potential results that can loose some or even ALL investors capital. 

If you provide a refrigerator, if it breaks through age or no fault of the tenant, it's your responsibility to replace it.

You may have to send USPS certified or post on door stating rent increase beginning x date, mine usually includes an addendum extending lease term one year at x rate requiring signature.

I’m interested to know how to get around it when my taxes & insurance (including flood) are all paid through an escrow company. 

Extension cords to be used must be approved by the Landlord prior to use.The connections to the 120V outlets, including those to the extension cord if used, must be protected from the elements.Level 2 Charging – 240VACThe Landlord will attempt to make reasonable accommodations to support the use of Level 2 charging at its properties on a case-by-case basis.