OCF inherited these tenants from the previous owner and I hope that their own screening process helps minimize future instances like this.

Obviously, since this is BP, someone who also knows good strategies for minimizing tax liabilities with relation to real estate investing as well.  

I want to make sure my property is getting managed well and everything is taken care of such that I minimize vacancy and other tenant issues that would add additional cost and headache, but I haven't ever heard about PM fees being this high.

Their PM services truly are great to work with and they never nickel and dime you for every little thing they do.I like Toledo properties because the general maintenance and the cost to clean and fix a unit when there is turnover is relatively minimal as the properties are modestly sized.

Wage income is minimal - 3k per month. 

James, I think you are underselling your product, most people would of said that property with the toilet that looked like someone dumped a portajon on it would have been rent ready and turnkey with minimal light rehab required.

Consulting with your CPA and discussing any concerns or questions you have about the approach can help ensure that your tax return accurately reflects your income from rental properties while minimizing compliance risks.

(My spouse just landed her first gig and is projected to start in November 2024) and we are ready to invest starting fresh in 2025 with minimal payments left on loans, etc.

With $1mil could probably generate $4-5K net per month comfortably with property management or minimal work self-managing. 

Back in Canada no real assets, we are current staying in a in-law set up paying very minimal rent.