I am young but I am very motivated and determined to be successful.

I  have had unsolicited offers of 150k, so I am in a good position if I just simply cashed out. 

Also, screen them before you determine whether they are keepers or not. 

So maybe in 5-10 years it could make sense to end this partnership simply due to logistics and where we'd be investing at that point.

It is not a good measure of determining whether or not a particular deal is good, especially small rentals, except as a potential hurdle for further analysis.On paper your deal looks OK.

Only looking at all of the numbers and intangibles will determine that. 

As @Nathan G. simply put, you need to include all income and expenses in the analysis. 

I knew it would be a simple answer, but one that I was simply not aware of.

While an introduction and a bit of simply "getting my feet wet" has been my reason for posting, I suppose my ultimate goal with joining bigger pockets is networking and seeking advice for off market deals (and all thing investing) Also, I am interested in finding new local investors and lenders to work with!

I also determined the CAP Rates and Cash on Cash return was minimal- 5% or less on most deals.