I am eager to get started, I just want to clarify certain aspects before jumping into the deep end.

One of the important aspects of rental property is leveraging the one's you currently own to pull cash forward to do other deals.

Both of them checked out in those aspects, and had about the same credit score.

Hey Stephen,I agree with Brian in many aspects.

@Ajaya A. from the aspect of can it be managed while living out of the country, I believe it can be if you have all the right systems and team members in place.  

I drop off opportunity loss costs and capex/vacancies for my own purposes, though I do have strong reserves for the latter and a reasonable feel for the former (I have virtually zero vacancies, all of my units start completely rehabbed, and I keep an eye on other opportunities should I wish to sell and go into something else).I don't have to micromanage this aspect because I have a good mix of free & clear and lightly leveraged.

In my opinion, when setting up any sort of legal entity, partnership, new venture, etc. it is crucial to sit down with your people and clearly outline all expectations, roles, duties, and other relevant terms or conditions before working together. 

My apologies if I wasn't clear on the profit-sharing aspect, @Michaela G. .

It also creates leverage because your generating money from various aspects of the industry. 

I don't know how beneficial that aspect will be for you, and be a college student usually on a tight budget.