That refi allows me to recapitalize and repeat the process.

The broker/LO misses something that gets caught late in the process and blows the loan up.

Obtaining the FHA loan is great and you could repeat the process after about a year with the right lender.  

I'd start the refinance process right away, or just pay it off, or sell. 

I want a good turn key property that can be set up with a management company and I would like to repeat this process at least two or three times this year. 

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

This process is repeated over and over and over. 

This can be a very long and annoying process and you're not guaranteed to get approved.

There are plenty of deals in Philly on and off-market from wholesalers, who are pretty decent in Philly compared to other places.You will need to get your GC license here and learn the permitting process and necessity here as well.

I would review your process with how these investments are going so far and figure out what's working and what's not.