If someone is giving you an insurance "estimate" based on their experience, ask where they invest or which county they are deriving their figures from.Concerning property taxes - was your purchase price under the tax appraised value? 

I looked into the background of the house and it turns out that the house has a large barn/shed that was being used to grow and distribute marijana.  

Even with an S-corp, this SET avoidance may or may not work, and may or may not matter.If you make, say, $10K a year from your business, and a reasonable salary for the job you're doing would be $20K a year, then you won't get away with paying yourself $1 in salary and distributing the other $9,999 as dividends.

Send the link to your property details out to your Text distribution list.If you truly have a good deal the money will find you.

We purchased the property in Nov of 2016 and distributions begin in October.  

You should think about doing a distribution waterfall rather than a 50/50 split.

guess you could buy the same insurance through a large down payment, but earning it value add is easier than earning it W2 derived down payment for me.

If your investor is not a US resident and does not file taxes in the US you may be forced to withhold up to 30% on distributions:  "A nonresident who fails to submit a timely filed income tax return loses the ability to claim deductions against the rental income, causing the gross rents to be subject to the 30 percent tax."

There are 2 Amazon distribution centers coming to some fairly depressed areas near me, and I was researching how this might affect those towns’ economies and housing markets.

Sounds like the estate is still open, if it is, contact the clerk of probate court  to renounce any part of the inheritance, even with a Will, the probate court oversees distributions.