On the $650k we financed and “wrapped” we earn the 6% differential every year - or $39,000 (declining as amortization occurs).  

If not, then serve the non-renewal and prepare to turn the unit as efficiently as possible to reduce costs and vacancy.

I keep thinking about tools that can help me reduce risk by catching errors or red flags in seller disclosures and inspection docs, but that's likely because I've had a bad experiences with both.A simple and obvious example is a seller checking "No" for pests section, such as Scorpions and Snakes in Arizona when the property is in the desert, so obviously, there will be snakes and scorpions. 

Are you reducing my ability to network and conduct business and negatively impacting my future deal making ability by calling me a "fake investor"?

Wholesaling is tough with a license in any state because the spread you earn has to go through your brokerage, but having a license when doing off-market appointments adds to your toolbox (you can always list when they want market price).

This is a passive way of earning with real estate-based security, protection and insurance. 

If investors attempt to streamline their services, it can lead to a more organized approach to property management, lowers the risk of gaps in insurance coverage or missed tax benefits as well as simplifies communication and reduces confusion.

Where I live for the cost of doing so it is cheaper to buy new multi family 2-4 units and then earn 3X-4X the rents for the same cost.

Chris...The property is paid off...currently sitting empty...with needed minor repairs.Trying to deferr Capital Gains Tax liability until my earned income is lower in retirement.Would this change your mind?

Use individual leases to reduce risk, screen tenants carefully, and set clear rules about noise and responsibilities.Good luck!