Note again that you pay the LP investor down with return of principal along the way which makes the effective preferred return base smaller - so you get more of the 20-30% split.  

With this being an income-generating property that is cash-flow positive, this should not have negative long-term effects on you or the co-signer's DTI. 

If you are able to self manage then you're eliminating that 10-30% management expense for yourself which makes it look good on paper - but remember to account for your time and effort to make it successfully work.

Super easy and cost effective way to re-key the locks. 

There are some legal issues with this and it is not a good term strategy to grow (it will negatively effect your individual and company reputation). 

Other options you may consider would be a 2nd loan or HELCO (they have higher rates in the 5s and 6s) or if you did the loan as an FHA you could refinance as a conventional loan and if you have over 20% equity you can eliminate your mortgage insurance and lower the monthly payment. 

It will cost you $9.99 a week and it auto-renews every week, but that will probably be the most effective way to get a roommate instead of spending all this time trying to just do it for free.

I once thought that due to my situation I should not pursue anything but though mentorship I learned proper planning eliminates fear of what happens to everything once the time comes.

You could zero scape the back yard cost effectively but its definitely not as attractive for families wanting a place for the kids to run and play.

This was a primary residence for 8 years, a rental for only one or less.The good news is that it does qualify for the Section 121 Exemption, which is a better plan if you qualify. 1031 essentially passes the buck on the tax bill, Section 121 ELIMINATES the tax bill.It sounds like you qualify - you lived in it as your primary residence for 2 of the last 5 years (actually 4 of the last 5).