But with so many tasks and responsibilities to juggle, effectively self-managing rental properties can be a challenge.

If you are not familiar with these aspects of property management, it can be difficult to effectively manage the property on your own.➡️ ➡️ Overall, self-managing a rental property can be a rewarding experience, but it is important to be prepared for the challenges that come with it.

Pulled the list from propsteam, skip trace contact info and made the calls via google voice number.

I would take into consideration your effective tax rates.  

I can't help but note you are not taking the long term effects of Covid-19 in your analysis.

As a side note, I actually put all the util bills on autopay with a rewards card I have (which I pay off monthly) which effectively gives me a 1.5% rebate on utilities, so really paying the utilities for my tenants not only makes them feel better but provides me a secondary, albeit small, source of income.

So, if withholding distributions in order to protect your investor's capital is necessary, I would fully support that.Having the support of you partners is of utmost importance, which highlights the importance of effective communication, regardless of the chosen strategy regarding distribution adjustments.With those points established, I have continued to receive distributions and that has strengthened my confidence in my partners. 1) Buy for cash flow, 2) secure long-term, low leveraged debt, and 3) have adequate cash reserves are principles that guide the business.

Is the recent shutting down of Urbana University going to have adverse effects on the local economy?

HELOCs could work, as they are lower interest, but again, if say a worldwide pandemic comes and effects collections, you would owe the interest on the HELOC, whether or not your sponsor is making the distributions.  

The first person I hired was someone to do all my property research and organize and format my lists for my skip tracer because that was a time consuming part of my process that I realized could be done more effectively by someone else.