In terms of the question you pose, for me it would come down to finding a good PM because investing out of state has its own set of fun associated with it.

I don't doubt that the child is annoying, but it is completely legal and there is nothing the condo association or police can do about it.

Join the apartment association as they'll have the latest on things like this.

If this is what you and your partner pursue, LLC would be a way to go (although you might want to hold off on that until you are ready to finance so that the lawyer you will hire to represent you included those costs in the legal costs associated with the loan, saving you some money in the process).

If no historical results, provide a proforma operating statement.List of renovations completed on the properties and the costs associated with the renovationsCurrent personal financial statement – please include all assets/liabilities even if housed in LLC’s or other entities (see attachment if needed) – if you are providing your personal financial statement on a different form, please just sign and date our form.Two years’ federal tax returns with K-1’s for all principals of the BorrowerGlobal real estate cash flow of each principal – see templateResume or bio of work and real estate experience of principalsRather than using the back of a napkin, I'd like to put this information together in a professional looking way but I'm not sure about what best practices here are or what that might even look like. 

Being in Los Angeles and the risks associated with it, making $600 more that year means I'm at a loss knowing I would have a month of vacancy plus the cost to prep it for rent.

Also, keep in mind that you'd need to stay up to speed on all proper documents and forms in your state as well as maintaining a status with your local Association of Realtors, pay for MLS access, pay for lock-box access, attach to a brokerage and onboard with them, along with several other items.

If you've tried to reach them, and your agent, and neither are responsive at all, you may want to contact the local Realtor Association or state licensing/regulations department that issues, renews and oversees real estate licenses.

For example, I'm a part of Brooklyn MLS and they're not associated with REALTOR and do not require agents to be a part of the association.

With the way the economy seems to be headed at a global level, along with the threats of hiking interest rates, coupled with the additional price increases of everyday goods and gas, it might be wise to take in a profit while the window is open.