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.

I am calling myself a Real Estate Investor because I am determined to do this!

Hi Shequila Hamilton , I think the determining factors would also include the terms of the seller finance.

Trust me we all started with that 'one property' & many dropped out of REI simply because of that 'one property'.As you suck it up & continue to accumulate a larger portfolio there will always be that 'one property' that's the proverbial PITA.