So I would say take a look at the housing stock mix of your home town and then adapt accordingly.   

The tenant is solely responsible for opening, maintaining and closing the pool.

Maybe provide them with a tip sheet on maintaining the appliances.

The best returns you get are inevitably going to come from the stock market but real estate has the added benefit of allowing leverage. 

Please keep in mind that nothing is every really turn-key though and you should maintain a repair budget just in case.For question #3, just being on BP and learning from other savvy investors is a start. 

I’ve found the best tenants to be senior citizens who don’t want to maintain a house but want to stay in the community they’ve lived forever.

In general, the members of a joint venture that is set up as a separate corporation or limited liability company (LLC) will only be liable to the extent of their investment in the corporation’s stock or their interest in the LLC.

There are many folks nearing retirement now who are leery of the stock market turning down when they are close to quitting their day job and needing that money. 

I am going to guess you are doing this for more not less control of your life so maintaining control of your cash would be essential for growth and protection against unforeseen conditions. 

If your goal is to create passive income from cash flow, you would make more money in the stock market than in rental property in Colorado Springs.