There's also some road construction now nearby that limits the amount of drivers who might see the place for rent which won't be an issue by next year. 

Much can be covered up that you would never know about until you had to fix it down the road.. the out fit doing it can't be there every minute watching the subs...

Down the road, do big expenses also get paid by the money partner or should cash flow cover everything once the property is bought.

You can always hand off to a manager down the road, but then you will at least have management experience and will know what your PM should be able to accomplish based on your own experience.I will tell you that property management is not very difficult as long as you do the hard part first, which is properly screening your tenants.

I'm just up the road in Fayetteville.

So my question is, how can I organize my financial life in a way that will benefit me down the road (ie. when I talk to banks and private lenders)?

By the same token I have never rented to anyone I do not want to rent to.Landlords can all claim the high road and swear up and down they would never discriminate but..............Roy in Ontario term leases automatically become month to month.

A mistake there can lead to huge headaches down the road.

He texted me he was on the road and that he would send me a Comdata check.

I told the sisters this as well - it could be a long road to nowhere.