Usually EMD is submitted with a title company that way you are not physically handling cash @Luis Herna

You’ll buy a property pretty much at market value and the property management company will handle the day to day items.

@Joel Bayer- I stopped using the BRRRR calculator a while ago because it doesn't handle complicated financing scenarios like this well. 

How will you handle the 1,017 problems that come with managing a real estate investment?

Same guy handled a triplex rehab (the one with the theft), and that's where he took money that he simply pocketed or used in some sort of Ponzo scheme to pay off other debts (I have no way to know, but the money did not go to contractors or to continue work at the site).

For an assumption, the Servicer handles processing and execution.

The dangers of mold are dramatically exaggerated, and sometimes completely false.Get a professional company that handles mold remediation.

.: I emailed the PM yesterday and explained I was unhappy with how the situation was handled.

Worst case is hard to predict of course but I guess you end up losing the place or paying them a lot of money as in cash for keys.How would you handle maintenance?

Hire an attorney, take notes, and maybe you'll be prepared to handle it next time.