Any feedback and things to watch out for would be greatly appreciated. 

This also helps you learn the business and how well your property should perform if someone is really watching it closely, so if you ever do switch to a Property manager for that you have a baseline to compare their performance too. 

I particularly recommend the Main Meeting for new people. 1st Tuesday Rookie Nook ~ Whole Hog Cafe ~ Bentonville 5:30 Networking ~ 6:00 Presentation 2nd Thursday Main Meeting ~ Home2Suites ~ Springdale 5:30 Networking ~ 6:00 Presentation 3rd Tuesday Landlord Lunch ~ First Watch ~ Bentonville Noon Presentation 4th Thursday Builders Circle ~ San Miguel ~ Fayetteville 5:30 Networking ~ 6:00 Presentation

Batt insulate the attic space.Don't know if you are city or county side of Bayshore, but the City is now watching anyone on AIRBNB.

Have your accountant prepare a mock 8582 and watch how it all flows!

Things to watch out for?

Although some people do get nervous making these investments out of state, many people enjoy not having to watch over these properties, as the distance will keep you from feeling like you have to check in on them all the time. 

Watch some of Mark J Kohler videos and see if you can deduct more of your expenses, such as cell phone or home office.

That is like watching grass grow.

etc.I just think that the fees can add up quick, I am not here to discourage anyone from their dreams and your partner may be the best guy in the world.So I would say, it depends.Just watch the bottom line.