We would need to go into a very deep, very bad recession that is housing related for that to happen however so I would not hope for that. 

.: Bathroom Floor at the rental property looks bad as attached.

Quote from @Chris Seveney: @Luke H.I would be very skeptical of appraisal at $250k and buying it for $120k.On paper yes seems like not a bad deal but I wouldn’t do it because it’s five year term.

My contractor mentioned he might've left them since he felt bad about up and leaving the job. 

Being in the industry for over ten years and running over 500 machines myself I can only say they are bad dudes. 

Due to my W2 employment I cant have any bad/negative personal debt.

I just bought in Indiana last month given how bad the numbers are here right now.  

The experience was really bad as I was getting 1-2 year old leads to cold call that I knew had a 0% success rate and I do much better generating leads organically on my own.

But I do not buy bottom barrel properties in bad locations (busy roads, crime, eye-sore views) instead I focus on making a property one that the average modern family will want. 

But it's a risk.If the PM is that bad, I suggest you do some research and find another manager.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.