Only have 1 year of tax return for self employment and when I file taxes in January, I will have a full 2 year for self employment tax returns.

Not keen on taking a property that I have to feed each month.I guess my goal is to have some income producing properties that myself (partner) can self manage, I already run four small businesses that I am trying to grow and really love working on. 118 properties would be a HUGE cash flow generator for sure but I think it would chew away time from the businesses I would love to build and fall in my overall passion :)

I myself have about 8 units, a demanding W2 job and I self manage.

Should I keep the pool and have in the contract the pool is the responsibility of the Lease or should I charge more for the rent and cover it under the self property management?

Are you self managing?

Letting them selectively have 1 weakness on paper is the generous part- and you need to be very selective with the weakness, at that.I'm not a fan of self management as I've experienced a lot of tenant drama over the years and I no longer invest time/energy into this- now I invest money into with management- but when you're a new investor, it's a truly great way to learn.

Your credit score might go back up by it self in several months.

Most members are so excited to help you learn and want to see you get great results.There are a few self-contained guides that you can access here: https://www.biggerpockets.com/guidesAlerts can be really helpful too: http://www.biggerpockets.com/alerts

Just know that if you want to diversify away from traditional funds, a self-directed IRA or Solo 401k can be used to invest into alternative assets such as real estate. 

Although this would generally add self-employment tax for you, it might be a benefit if you can contribute to the Solo 401k and generate significant tax-deferred or tax-free earnings inside the plan.