I’m assuming if you just have one account that you would need to have a well documented system that tells you how much of your funds are designated for repairs & such on each property?

That doesn't make sense.If you think about it, the more you have to offer in the Partnership, the more you should be picky in choosing your Partner.When you bring a lot to the Table and demand every Partner have skin in the game and meet a high qualification, that should mitigate getting into a bad Partnership.Another way to think of this is to understand how large Corporation chooses their Board Members. 

It is a numbers game and with drive, determination, and the right systems set up, you can certainly succeed in finding deals in any market.For motivated home seller leads, you should really invest in a good website with proper SEO so your buyers can also come to you.

There is lots of money in the system and many people who do not have the skill or the want-to to put the deal together.

@Ted HendryWe have this great thing called a functioning legal system in the USA.

Very easy to run your first STR using the systems made available to you through Airbnb and VRBO. 

I am looking to put in laminate flooring but there are a lot to choose from.

If you set up the automation and systems you mentioned above, AND get your boots on the ground team of a housekeeper and a handy-person, you will have no problem managing completely remotely. 

There was a fire 3 years ago that resulted in a new roof, new electrical system, new siding as well as the house being jacked up a little bit while the floor was open.

Get an inspection of the entire system.