I set up a REI company and set aside some cash, but would not be able to do an all cash deal to start.My concerns are two part:1.

yes they allow rent adjustments from year-to-year based on the avg rental pricing for the area, but keep in mind there will be a maximum. 

That includes the mortgage, the insurance, if there is any electricity the landlord is responsible for, if the landlord is responsible for any of the water and sewer, not all of those bills might be every month, some might be quarterly or twice a year like the insurance, and a small percentage set aside each month for vacancies, maintenance, and eventual capital repairs.

We are looking for a firm that is familiar with multi state partnerships that can give us legal advice or set up our business correctly from the start.

Tax RepercussionsKeep in mind that every real estate market is different, so you need to adjust your strategy to the particular circumstances of the region you are investing in.

We are set to close on our first condotel in MB on Monday.

There is no formula or set prices on rehabs.

do you have a team set up?

Do mid term rentals listed through airbnb still need a separate, formal lease, similar to how a LTR would be set up.. or is the airbnb booking enough and provide enough safety to the landlord (e.g., tenant doesn't pay, destroys property, etc.)? 

Financial Management: Set up a system to track your rental property income and expenses.