Depending on our cash positions we may go ahead and do these, even though we don't plan to build for a year or two. 

Here's kinda what I have: (I usually really front load properties with alot of repairs and painting so that it pushes alot off into the future)+ Gross rent- property management 10%- vacancy rate 5%- cap ex savings (250/ month?)

They are pushed into future years or, in IRS jargon, carried forward.

If builder pushes you saying "come on, don't hold up the closing for these minor items, let's close the house and take care of the them with warranties."

Question is, should I go ahead and sell off all the properties now while I am still have a job and sell will be reflected on 2024 Taxes, them 0 income next 3 years.

There is nothing here that seems unreasonable, I would push back on the $75 in person service, and I want 3 bids on every reno project if they're charing 12.5% to manage.

I know one thoughts are “I can sell it for more” but that increases the risk as well because if I had a $250k loan on a $225k property and values continued to decline and the mortgage is in someone else’s name - I would be like “ok let me hand the deed back and walk away and go ahead and sue me…

They should be leading the charge, explaining the process ahead of time so that you know they are large and in charge.Definitely look for a new PM.

As a complete newbie, I would have went full steam ahead with that $25k and bought something. 

Me and my partner were wholesalers and noticed that there are a ton of FSBO homeowners that dont want to use agents but the issue is Zillow pushes these listings to the bottom.