Make sure that you're properly vetting your team members especially your agent that you work with - your investor agent should be looking out for your best interest and should be able to explain why something is a good/bad deal.

How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?

The thing I'm trying to figure out is how to properly qualify as a RE Prof. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

The IRS views it as taxable income because it’s not being used for the purpose of deferring taxes under the 1031 rules.For example, if you sell a property and only use part of the proceeds for the next investment, the leftover amount (after paying transaction costs, etc.) is taxed.

Pay for the repairs needed and then get it rented again.

I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

All you're doing is paying for that NCF upfront. 

Maybe that is why the old owner didn't pay their taxes?