Having been in a few partnerships, it seems less work to actually completing the project yourself.If you decide to continue the partnership route, a lot of it depends on the degree of difficulty. 

Realtors run from these deals because of the heavy paperwork and difficulty in closing the deals.  

Difficulties with rent collection and 3.

And when he said that sellers are better off dealing with wholesalers than with listing agents I had enormous difficulty keeping my mouth shut and remaining polite.

What makes it more difficult is that traditional metrics like ROI or cash flow are only snapshots in time.

I tend to be an optimist, but some of the CONS include the inabilityto easily view the state of your property first hand, significant additional costs, difficulties with team management, lack of personal connection with tenants. 

Investors buy turn key properties out of state all of the time and I have not heard much difficulty with the PM they are using.  

The issue of long distance difficulty aside I look at the "should I manage, or not manage" debate like this. 

A lot of people have difficulties pronouncing and remembering my name, and I wonder if I would have more success if I use a more common name.

That created difficulties with the tenants who wanted things done outside of our owner's control.