Taking this money off the table would be smart, and allow you to reassess your strategy without a tight (1031) timeline. 

My advice to you is to acquire a skill set that brings more to the table, the numbers of a real estate deal are actually quite simple and it seems like you will be able to master that overnight. 

The property was originally 2 bed 1.5 bath, we converted it to 4 bed 1.5 bath, finished the basement to add a pool table and mini bar, and updated kitchens, bedrooms, bathrooms, roofing and siding etc.Would you guys book a trip away at the property?

Cost, about $600.I gave another tenant an extra kitchen table and chairs when they had none. 

About selling FSBO - just some thoughts: The first time I left alot of $$ on the table - but I learned alot also. 

Patience will be your friend if you've got a 20+ year runway.Take every opportunity to take money off the table tax free. 

Typically in a partnership, you bring something valuable to the table and the partner brings something different.

After many years of learning and saving, I'm finally in a position to pursue my first rental property out of state within the next 1-2months and want to make sure I'm budgeting correctly and have enough reserves/extra cushioning so that there no surprised at the closing table.

You seem to have a good handle on what assets you bring to the table for your investments (time & money being important assets).Buying in cash doesn't equal a passive investment.

Tomorrow, we will be meeting with @Kiera Underwood and her team (Table Investments).