California is famous for going after out of state landlords and a few other states are doing the same as they try to replenish their coffers after the economic downturn of the last several years.If you do have rental profits, almost every state will require you to file a return and pay taxes as a non-resident.  

It's a good rate for a non-owner 4 unit property based on the current market.

the available inventory went to almost non-existent and the turnkey companies that were there became pretty unreliable in my opinion.

Finally, if my property is in ny - will non local lenders do the deal? 

Any number of things can happen with the property, area, or your life circumstances that dictates a sale at a non-optimal time.

I would put each investment into it's own LLC with shares divided based on either $ amount input or just make him a non-voting member or less 50% owner of the shares so you can take charge.

No need worry fellow non contractors, J Scott also has a great book for estimating rehab costs. 

I evicted a non paying tenant in two weeks.  

Just got a letter from HOA wanting $250.00 for ONLY non resident owners.  

IMO, FICO scores are so generic that while you can filter out, you may also be throwing the baby out with the water - - missing tenants that are just recovering from messy lives.Before pulling a CR/BG report, I vet the previous landlords, employment and income, thus saving expense for a non-starter.Then, the CR (if you get a real one from Trans Union/Experion) will have all the accounts and their payment histories.