There are other forms of winterizing like insulating plumbing, sealing door/windows with rubber gaskets, installing storm windows/doors, setting up heat lamps or other supplemental forms of heat in basements, etc.

@David Denney, you've got another potential problem besides the 1/3 partner that you're keen to move on from. 

If I potentially need to move away to be on site, is there going to be any problems regarding the FHA loan?

Your potential return is unlimited, but for this you get to deal with toilets, tenants, and termites.

Being new to the REI world, I'm eager to connect with fellow investors, real estate agents, and anyone with insights into the NC market.Whether it's grabbing a coffee, enjoying a drink, or visiting potential properties, I'm open to various ways to connect and learn from each other.

My biggest fear is getting on the phone with a potential seller and not being able to articulate or persuade them to sign a contract with me.

There is a property that I'm making an offer on that has been sitting on the market for over 80 days. It is a great deal: my all-in will be around $105k and the home will rent for $1400/month.I think that the only pro...

I am also looking for potential partnerships and referral networks in both the San Angelo and Abilene area, as we are neighbors.

make sure you clearly define roles, capital investments, and obligations for ALL potential scenarios so that you're on the same page about them well before they potentially arise. 

Things to look out for----Ask a lender what your potential interest rate is going to be and what lender fees are associated with this rate (underwriting fees, points whether they be origination or discount).