I wish you well in your project. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

I was thinking about that as well until I came across doing a trust instead, so next time I'm just going to setup a trust and take that route and have someone else mange the trust while using my llc to protect other assest 

House needs some Interior Cosmetic Work, Wood Fence Repairs and some Plumbing Work.I want to turn and run, but I recently heard where there is a Problem, there is Opportunity.I thought this might be an interesting Case Study.Thanks for the Ideas.If they owe $180k on a $210k property and its a year+ behind then they probably owe taxes and other bills as well.

We have a few we have come across as well.

I own properties in Cleveland and have done well with them.

These cash flow very well. 

I have a call out to my accountant as well. :)

Same thing with Clayton Morris and any other well known operator really. 

I know a few investors that do it here in Tempe, Mesa, and Glendale - not to mention you can do it in Phoenix as well.