No reason you couldn't self-manage if you got tenant placement covered, especially since Omaha is fairly close in the event you needed to bolt over there.

Our next purchase, a SFH, was a foreclosure we purchased on Auction.com using just a bit of our own capital with private money covering the remainder.

I covered Iowa as a sales engineer for 5 years (technically still do...).

. $975 should be enough to cover the new mortgage payment plus some.

In the mean time promise to put a car-cover over.

I'm including some pictures, I hope you like it

Partnerships are easy to get into, not always so easy to get out of.I occasionally listen to a podcast done by an attorney and accountant named Refresh Your Wealth that has covered partnerships a number of times, most recently this past April in Business Partnerships – Do's & Don'ts so it might be worth a listen.In any case, congratulations on working on your first investment property, and be sure to say hello if you come to the next RIREIG meeting!

The unit will be a rental eventually, so I would like to reduce liability.A picture of the demolished fireplace is attached.

That really paints a picture.

Again, you probably want something with a few units at a minimum so that if one goes empty you can still cover the mortgage.