I have totally noticed that this site has a vast amount of knowledge on here.  

I think, IMO, $1,500 is sufficient for the first rental as to an operating account, then 1,000 for the second, then 500 for each additional SFD property, minimum as an initial deposit, more is better.

@Jay Hinrichs You are a great source of info with your vast amount of experience.

So, Dion, with your vast experience, it is comforting to learn that you've never had to provide a "local" contact.  

We have learned a vast of information through BP! 

When a business partner does not object to removal a letter of resignation is sufficient, if they object, you may need an attorney and that can be the case regardless of what might be agreed to.

The vast majority of Investors today use this three (3) property identification rule.You could acquire all three of the identified like-kind replacement properties as part of your 1031 Exchange, but most Investors only acquire one of the three identified properties. 

I'm estimating that this house will save me about $1400/mo vs renting.I'm also concerned my Maint/CapEx number of 10% is not going to be sufficient.

An existing loan where the agreement to pay an underlying mortgage is not an assumption given by the mortgage holder, the seller is making an agreement extending credit sufficient to pay that underlying mortgage, the seller is financing it.

The vast majority of the volunteers are English teachers like myself, and have limited financial resources.