Take only the best, reject the rest. 

What happens is that if the rental property's value exceeds $60k then the tax return 706 NA must be filled and the exemption would be any amount between $13k and $46.8k depending on the proportion of assets located in the US compared to those located in the rest of the world.

The free service, for landlords with two or less properties, tracks expenses, profit/loss, etc. of your rental properties ($50 fee if greater than two) but it requires linking accounts in order to automatically track and categorize expenses for you.I’m always uneasy when a website requires linking bank accounts.

The other option is to do a non agency product, such 12 months average bank deposits or asset depletion or DSC (debt service concerage) where 90% of the rent covers your total monthly payment 

Sell it and 1031 exchange it into another rental property(ies) closer to home.Sell it, pay capital gains, and use the rest to fund another BRRRR rental.Do something else that you suggest that we haven't thought of.Our first inclination was to sell because it is a bit of a worry being so far away, even though it is under a property management company, and we could use the money to get out of a bit of debt and to hopefully use it to fund another rental around here.

(opinion bonus) Is it worth the extra $2,000-2500 to hire two attorneys in two states to set up these LLCs/OAs versus utilizing some services I see where it can be set up for about $200 each if you add in EIN/OA work and maybe $125/year for registered agent in that state?

By the way, if you feel the need to save a few dollars, many Property Managers offer a service where they will market the property, handle showings, screen applications, and get the tenant moved in then they hand it over to you for on-going management. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

Even asked him to make an extra trip to complete my wife’s esthetician’s room before I was ready to complete the rest of the basement.

My plan would have been to reserve enough of the loan money to make a year's worth of payments and use the rest to invest in distressed properties.