Unless rent growth outpaces inflation, you will either have to continuously reduce your standard of living or get a job.

Property management will not be a standardized form.

Given your background in ground-up development, you've got a solid foundation.For LPs, a target IRR of 12-13% is pretty standard and attractive, especially in the current market.

The tenants may be picky too because blinds can a little long for the window if you don't have standard size windows. 

There are no licensing req, no standard forms or association you can turn to.

Quote from @Cali Skier: I agree with Mike that you should be fine.I recommend you tighten your standards for future renters.1.

It looked all very nice, but, I made a comment that there was a lot of windows and it was very easy for people walking by to look insideThe agent told me that windows and open spaces were now industry standard gyms due to safety issues.

However, it has higher PMI fees and more stringent property condition standards.

.), pertains to a mortgage-style process and necessitates the initiation of a standard civil action within the state court.

On another note, rent will continue to rise, and through both forced and standard appreciation, my property will continue to grow.