While research is great and you feel like you're making the right decision, the first one is the scariest.

@Manny Vasquez dropped some great tips so I'm just her for moral support.

Apartments, storage space,....When you need tips or info feel free to contact me.

Feel free to reach out if you have any questions!

And feel free to chime in with your own experiences and tools or categories of tools I might have missed. 

Let him run this (self-manage) for a year or so and see how everybody feels about it then.How does that sound?

I feel like I'm missing something here, though: if @Joseph Turner gets a cash-flowing turnkey, why couldn't he take out a HELOC to at least partially finance the purchase of the IP, and then pay back the HELOC as the IP cash-flows?

If the deal that comes your way is not in the neighborhood with higher rated schools that you like, wholesale it for a few bucks and go on to the next one.You really have to see the area and get a feel for what different priced areas look like.

If you can provide them endless value and expect nothing in return, sooner or later the concept of reciprocity will kick in and they will feel a need to help you and mentor you. 

I'm about to seek legal council but wanted to run a quick check here about thoughts, tips, advices.