This is critical.

Sewer is a function of water and can be treated similarly.You can probably agree to split trash 50/50 as that is probably the easiest of them all in terms of allocation.The hard administrative part is how to collect all this from your tenant. 

Use the search function to see the previous answers to this question. 4.

But looking at all of the skill sets and job functions of what was just listed, can you tell me one person who has this much knowledge and experience?

From then on you can track whatever you want using the report function.

The best groups will encourage education and networking, but there are some that are being run almost solely for the benefit of the founder(s), so beware of any group whose main function is to sell you into a mentorship program offered by the owner (or their friends/partners).

The servicer will play a critical role in your compliance, handling of day to day activity, and taking care of the accounting and tax reporting on your note.

Let an attorney figure out you contract and use either the attorney or another entity doing the closing agent function for your escrow.   

It would cashflow around $500/mo if I self managed.All thoughts, comments and constructive criticism welcome. 

The inspection was conducted and there were a few minor items that need to be addressed; however, the main concern that I noticed from the inspection is the age of the heating and cooling systems for each unit (all are functioning properly).