Since you admit you know very little, why don't you analyze what's gone wrong with this PMC and interview new ones to address your concerns?

Thank you, that is extremely helpful. 

I'd love if the property would cash-flow after we move out, but the neighborhood and appreciation potential is the biggest concern for me.

That's what has always concerned me with getting a property subject-to. 

Just depends on how extreme you want to take things.As far as financing, condos can be tough. 

Do the laws vary from state to state, and if so, is anyone familiar with the laws concerning this in West Virginia? 

Bob went to the extreme extent of actually using an alias of Bob Stevens instead of using his real name, Bob Prisco.We do not need to re-litigate the facts of his behavior and all of the other inconsistencies in his communications.

Cash flowing in the type of market we have is extremely difficult, especially with such a small down payment. 

Your boss seems to be extreme with this and won't change - unless you force it.Why don't you make a list of everything you do each for a week?

You need to be extremely thorough with your scope of work, and unfortunately the sun porch was not salvageable, but fortunately the contractor helped knock it out of the park and the home looks amazing now!