As long as your mortgage interest rates are locked in you can ride out any down turn because with every down turn the demand for rentals either stay the same or go up, rarely are they effect and if they are its not a huge amount like SFR.

This topic comes up for discussion a LOT here on BiggerPockets, as it seems there are many reasons that folks that otherwise save just a few hundred dollars per month suddenly come into tens or hundreds of thousands of dollars (inheritance, sale of a house, divorce, stock options, or good old fashioned luck). 

For the remote managing we relied on our broker in FL, as well as facebook postings looking for a handyman and cleaners, and of course good old fashion Google search for the contractors.

Buy the best cabin you can possibly afford to ride you through the tougher times.

SEC 8 provides both the landlord and tenant with free rent insurance that allows them to ride over life’s bumps without disrupting their housing.

It's going to be a fun ride!

YOU need to hold onto those, in an organized  fashion, 7 years for tax purposes generally.

The tenant would promise the manager to pay on a certain late date and then never pay that day - my manager would then try to evict her whereafter the tenant would ride it out and pay just before she got evicted.

I have been saving up the old fashion way to put down payments of 5 - 10%.

Find a professional you like and trust,  maybe get a backup or two, but find and ride that horse as they will help represent you for your benefit.