Is this a portfolio in an already established market with existing barriers that needs enhanced management/ rent increases as units turnover? 

In California, we have bogus ESA law (AB468) that establishes minimum criteria for patient medical provider relationship and poses harsh punishments to medical providers that provide bogus ESA authorizations.  

As @Stuart Udis said Point Breeze will being you the best tenants but it's an established market already so the appreciation is going to be minimal.

Money Mustache (Pete Adeney) is headquartered here in Longmont (across main from Longs Peak Pub) and there is a well-established FI community here. 

• Establish company specifically for rental management.• Over the course of the year new company will be paid $5k for services from rental income.• Schedule C shows $5k (and payments are shown as expense on rental side.)• 15.9% of $5k paid for Self Employment (apx. $800.00)   (note this would be less than ordinary income paid otherwise, plus 50% of SE tax is a deduction.)• $4,200 contributed to solo traditional 401, then converted to Roth. 

I concur with everyone, best to check for medical emergency first in this case, after that's been established as NOT the case, definitely time to get yourself into the mix and remove that manager asap. 

@Shawn ChervinskisSee Section 408(b)(2) of ERISA for more information on this exemption.The office space or services are necessary for the establishment or operation of the plan;The contract or arrangement under which the office space or services are furnished is reasonable; andNo more than reasonbale compensation is paid for the office space or services.Regulations issued by the Department clarify the terms “necessary service” (29 CFR 2550.408b-2(b)),”reasonable contract or arrangement” (29 CFR 2550.408b-2(c)) and “reasonable compensation” (29 CFR 2550.408b-2(d) and 2550.408c-2) as used in section 408(b)(2).

I expose myself to other stuff for the sake of a natural curiosity and to gamble a little.  

It is a bit of a gamble, but personally, I always get my own bids from people I will hire and either take a credit on price or have title issue the checks directly to those contractors to get work done as soon as I close.  

Establishing the core 4 is what everyone says, and it is important to have boots on the ground near your properties to check in on things when needed.