Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

I have used Cozy for several properties, and I would say that moving forward my process would be a combination of:Pre-screening questions before showing the property (this helps save us both time)Show the property, and then if potential tenant is interested enough in applying:Cozy Application and supplemental application (either paper or digital, if you can create one using, Google Form, TypeForm, JotForm, etc.).

Technology advancements such as email, phone calls, skype has enabled communication with a remote CPA to be seamless.

One nice positive is that the homes, being separate, are ideal to enable all of the expenses to be passed-on to the tenants.

My goals are simple, to buy and hold the asset, pay off the mortgage using some of my money and supplemented by the current rental yield, and maybe in 20 - 30 years when the city center has swelled up past the building and it becomes more valuable , consider tearing it down and building a more appropriate structure. 

As time passes, they are able to show a track record that enables them to get partners, private money, loans or syndicate the large deals.

I wouldn't worry about making supplemental payments to pay down the loan earlier.

The pros to getting the license are that you will learn a lot of the “nuts and bolts” of real estate, that it can enable you to enter a career in real estate if you choose, and the additional knowledge you gain could be useful.

Some times hobby landlords think they can keep tenants longer by supplementing there tenants rent and will charge $50 -$100 below market.

My number started as a retirement supplement but eventually set 8K a month as the number, then 10K.