Unfortunately, a great contractor who fits well with your vision and style can sometimes be hard to find.

Even though it's very important to get someone in and start getting those payments every month, it's more important to have good tenants that fit your personality. 

It will fit exactly what you're looking for and it'll help launch your syndication career.

Know who you are working with as you don't want to get caught up with someone with other legal issues or IRS issues.You need to be able to fit personality wise and ethics wise.You need a "drop dead" agreement in case you have a falling out down the line or one of you dies. 

We have excellent credit and have a pretty good idea of what we would qualify for regarding a new mortgage.

There is really not a lot of room to park more than one car anywhere on the property, but 2 cars will fit in the driveway next to the house, it's just a little awkward.

Probably depends on your strategy and how well any of those scenarios fit into it. 

For example, I manage a home that has 30-year-old carpet that is in excellent condition.

No legal advice given... confirm how this fits with the instant scenario.

I have an excel sheet with each of our transactions associated with the rental.