Where people can get into trouble is when it comes to "self-dealing".

She's the kind that wants to make trouble; if that is the case here what do you suggest (I've apologized, and my manager also)?

It may be better, but not worth my trouble.  

CoStar reports the property to be 52.7% vacant, but keep in mind that this data is often inaccurate (but not enough to make a difference with vacancy that high).Figuring this set of facts spelled trouble, I went to the Harris County Recorder's grantor/grantee index and found a foreclosure deed. 

As an investor, I've allowed people to stay in my property if they built a fence on the property (single family) and/or if it is kept leashed outside of the unit and I don't get any complaints from other tenants (multi-unit). 

It was nothing but trouble.  

A good PM will keep you out of trouble and typically make you more money than they will cost you.

Don't Skip the Home Inspection**: Uncovering potential issues early can save you a lot of trouble later.5.

I can use the 2nd loan for improvements on other things on my property as well like new fencing, landscaping, etc.

They do this because they side on the fence of conservatism.