We're aiming to cash out in a few months and crossing my fingers we appraise a little above what we paid.

We retain three law firms on licensing and compliance issues and one of them has a book for sale in paperback with a sale price of $295.00 on Amazon that is aimed at attorneys that will be replaced in January with a new edition for a similar price.

We've spent the last ~2 years taking stock of our experience, supplementing our knowledge through bootcamps, research, and mentorship (thanks DeRosa Group Accelerator!)

So far in my opinion if you’re OOS investor you want to aim for rents of 750 or above and if you’ve got the extra cash, probably 800 or above.

You should aim to have a clear understanding of the cost of repairs and renovations before you close on the property, so you can make sure that you have enough cash on hand to cover those costs.Ultimately, it's important to have a solid plan in place and to be prepared for unexpected expenses.

With that said, since you obviously don't need supplemental cash-flow, how many more years do you have left on the mortgages?

It aims to pay an 8% annual return with monthly distributions.

If you do not have this you are at risk where if your property is damaged through natural disasters such as hail and tornado's, household issues like electrical fires, or vandalism in many if not most policies as well as liability issues.A umbrella policy is built to supplement your landlord policy. 

My primary focus is on cash flow, and I’m aiming for a turnkey property with FHA financing.

Would College Housing [sfr's aimed at the college student] count as short term rentals?