I've been following your comments and you're extremely knowledgeable and have taught me a lot through what I've read already but 

First off, it is extremely difficult in today’s market to find any “deal” that matches up to his criteria, but in my mind I had actually found one.

This property manager can be held liable for anything that is related to your property from the City. ( Making this position extremely hard to fill).

This is really extreme for such a tight time frame... and cost us about $45,000 in capital expenditures.  

I'm extremely experienced.

My resposnse rate for actual real leads is extremely low, extremely low. 

There are critical items such as -Plumbing, HVAC, electrical items, roof repairs, appliance repairs- that you want extremely competent professionals to handle to ensure that you the PM and owner avoid liability and to ensure you aren't shelling money out again for the same issue because you were being cheap the first time.  

It is their passion, make very good money, which allows them to easily qualify for loans going forward.I will say that networking in college is extremely important.

In the meantime, the situation is extremely frustrating for many LPs who, like yourself, seem to be losing a lot of money, while supporting the apparently lavish instagram lifestyles flaunted by many sponsors who brag about how their time is worth a bajillion dollars an hour and fly private to exotic locations.

Extremely helpful thanks everyone!