Are you currently self-managing or do you have a management company?

Additionally, in Co-Living the property manager walks the property once per month to deliver toilet paper & cleaning supplies (aka property inspection). 

That means learning how to vet a manager.

I’m in the process of managing 18 units and have a full-time job.

I do not have 5 layers of management that make my rates higher, no lender I work with pays for my office space, licensing, benefits, marketing department, compliance department.... 

The living condition is terrible as the apartment is poorly maintained by tenant and poorly managed by landlord [seller].

@Kwanza Price tips for managing contractors:1.

This deal and the one before it came about from networking, building a relationship with my property manager, an investor friendly realtor, and learning what makes a deal a deal.

It might be wise to sell it just from a management standpoint and reposition the money into some index funds and maybe another property in NC.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer.