Sounds like you are doing well for yourself.Stay in the loop of whats going on in your market by networking and IMO be ready to transition to do deals with different strategies when the time arises, otherwise if you have something that is working for you and your goals, why change.I would have to agree with you that BP is way more beneficial than Facebook lol and once you start meeting different people on here and searching the site it becomes just as addictive and very informative!

When you use a good service provider that you like the quality of work and price, save their contact info and talk to them about them doing all future repairs for a discounted price.If you don't mind fielding calls and setting up the logistics to deal with problems that arise or if you're not within driving distance I would hire a property manager.

@Dion DePaoliwhat if the contract is full of stuff like "the party of the second part, his/her or their heirs, assigns, or any party acting in their stead, shall indemnify the party of the first part for any loss, cost, damage or expense, including but not limited to reasonable attorney fees together with costs of court, arising from or out of any subrogated security interest assumed as set forth hereinabove specifically or by referenced, to include those recitals, agreements and obligations created under that specific promissory note mentioned....." .

We self manage our rentals here, so we don't pay a PM and when issues do arise (which have been quite rare), depending on the issue I may address it myself, or call a local handyman or contractor.  

As the questions arise, post them here, and you will get real time feedback.I would also suggest joining one of those REI groups in your area, networking, and finding a mentor there through esstablishing a relationship and showing them your dedication to the industry through enthusiasm.

I would like to network with other BP members and see if anything arise.

It does sound a bit scary though being that far away if issues arise.

When dealing with personal living spaces, distinction between residential and commercial arises from a definition by {I believe} HUD in the U.S.A. and CMHC in Canada that classifies 1-4 family properties as residential (attached or detached).  

@Jaan DoggwilerHi Jaan,I've played with the thought of renting while I look, but then arises the issue of breaking the lease.

If he is getting paid for labor and materials plus markup and was under contract for a list of items the owner prepared and he priced, how is he at fault if hidden problems arise not on the list ?