@Sebastian RiveraWelcome to the world of real estate where everything with good planning, habits and work ethic can do wonders.There are local meet up groups on real estate; which can give a chance to meet fellow real estate investors.You can do flips (buy-rehab-resell); rentals; wholesale (buy-sell) and other variations. 

There are normally major issues with the property that will need to be fixed and shown to the code enforcement officer so he can check that the property is completely up to code and habitable 

I wouldn't make it a habit of telling contractors the other quotes while they are bidding the job.

I have a bad habit of using that term with SBA loans as they don't always have real estate involved. 

As you said, not a concern if you have a PM - we work with Uptown Properties - but the complexity of following the "rules" and the harm that can be inflicted on your business if you mess it up has always made me scared to do anything w/o a PM (plus I'm out of state, so forget it). 

Damage to garage door after partying or fighting reported by other tenants and only now confirmed by seller's agent.Furthermore, one of the tenants on the 3rd floor has reported to me that tenant of second floor has made threats to physically harm her.

The answer is no, as a doctor, I just can’t stand the the thought of putting a person in harms way knowingly.

@Josue VargasThe majority of people, especially those who rent houses, feel threatened by books and make it a habit not to read.

You don’t want any of them saying that you have since harmed their position by making your loan riskier, for example.

Demonstrate that you (or your designee - the PM) provide habitable housing and respond appropriately to problems as they arise.