Last fall I received a letter from my insurance company, they will not renew my policy when it ends in May of 2018 because of the asbestos siding. 

@Tarik Nabi receiving a Line of Credit at 75% is pretty good on an investment property. 

This was excellent information for me today. 

Below is an email I received this morning from my HOA regarding trash that had been left outside my rental property from a rehab I have been working on with my property management company... 

In addition to what you'll find, I just received a call today from an attorney in town who is putting together a major legal action against them. 

Thank you for such a wonderful non judgement reply  that is excellent advice . 

You could mail a reference request to them, but that seems like a lot of trouble unless the tenant is otherwise an excellent candidate.

That being said, you can overcome some of the challenges of distance with technology, such as if you receive video (or photos) along with maintenance requests from your out-of-state tenants, allowing you to keep some visual on your property from a distance.If you are comfortable with distance, there is a price-to-rent ratio that may come in handy for you and end some of the analysis paralysis.

It’s an excellent place to start, and can answer many of your questions.

I invest $100K in it as an LP, giving me a 0.5% share of the property.The investor summary predicts the following NOI:Year 1: $1MYear 2: $1.25MYear 3: $1.5MSo given my 0.5% ownership stake, does that mean I would be receiving a K-1 showing my income from this as:Year 1: $5,000Year 2: $6,250Year 3: $7,500If we continue the example and say that I receive an 8% dividend each year, then my actual profit each year would be:Year 1: $8,000 - $5,000 = $3,000Year 2: $8,000 - $6,250 = $1,750Year 3: $8,000 - $7,500 = $500This tells me that I must be missing something incredibly fundamental in all this -- that one of my assumptions is so egregiously wrong that it invalidates literally everything else.But what?