@Spencer Herrick like most of the folks said here, it's about your team and being sure you have a solid due diligence process in place...no need to see a property in person if the property meets all the criteria on your due diligence checklist...the first 35 checklist items are crossed off in the first 3-days of due diligence...One thing you have to remember is almost every existing and new structure in the country was built by a professional developer that met strict requirements set by building codes...properties can have issues, but almost anything can be fixed...overall SFR and MF homes are incredibly durable.

The main property has 270 degree lake views and is located about 40 min from one of the most moved to places in the country.

If you want to be undisturbed, move out into the country. 

I think I will cross out the exclusive listing one, management fee seems reasonable.

If this is in a complex by the country club, there are a couple of complexes near by and each one are decent complexes, but they are competing now with newly built ones and a future development that will add about 200 apartments.

In addition, the overwhelming majority of real estate agents I've met couldn't put together a decent scope of work if their lives depended on it, and can't reliably manage to wipe themselves after every trip to the crapper, let alone a residential renovation.Way too many men in this country pretend to know all about residential construction, maintenance, and renovation.

Assuming I do my job to make sure everything would cash flow, and finding a good property manager for when I pick up and move across the country, am I missing any major pitfalls here?

We would like to partner in order to give ourselves more options (more cash, more leverage opportunity) than getting into real estate investing individually plus living in two different areas gives us opportunity to purchase in two different regions of the country and staying close to the properties we own.What are some things that we should do to make this partnership a success? 

Read each Zone in detail, unless they have a cross referencetable showing “allowed” and “special use”.C.

Some have projected the growth to continue even though the overall market around the country will likely slow down a bit.