Determine the price that attracts the investor, stop the bleeding and and move on.

I would tend to agree with the other CPAs typically.The 500-hour test is one of seven material participation tests used by the IRS to determine if a taxpayer is actively involved in a trade, business, or rental activity. 

The credit score and income will help you determine if they can pay and will likely pay on timeThe landlord references, eviction history, and criminal history can help you determine how they will treat you and the property.none of it is full proof, but the more info you have the better.

So far, I have been fueled by passion and determination but I do not have any mentors and have not had a lot of guidance at all as I have obtained these properties.

That will determine if you could sell it and use the money to buy a single family home or would need to take out a mortgage. 

So depending on if you are using it personally and want to have it pay for itself or you just want cash flow will help determine where you should look and what type/size home you want to consider.Please reach out anytime and let me know if I can be of help.

I found similar patterns between all 5 companies: namely, they had taken on too many units, were over-charging me for things I didn't need, and weren't handling issues correctly (they would send out vendors who didn't know what they were doing, mis-diagnose issues etc.)No disrespect to the PMs on this chain or BP in general, but any third-party manager won't perform exactly the way you would like them to simply because of the constraints they are faced with as far as having so many units and owners to keep tabs on. 

A Illegal simply starts a business entity , gets an EIN and insurances .

If you want to know if it is a fair price for your area and this time of the year, simply get two or three more bids.

I'm currently trying to determine the feasibility for a park on that property.