I’ve found in my market it just doesn’t make financial sense to build additional units or rehab existing unused space to build additional units.

- What are the pros and cons to each of the above situations?

It is my belief your current situation is not a bad position (it is a goid position that will improve with time).  

I'm fine with what I paid him for the work he's already completed, but would just like to hear from him that he's done with the job or what the situation is.

Quote from @Stuart Udis: ....But I set the goal of acquiring 50 doors in the next 3 years using the BRRRR method and will then be financially free...isn't that a scalable business :)We see the above type comments from not so experienced investors or business owners all the time being posted on BP.  

@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Condition, pictures, any financials they can provide.  

It can be done but each situation is specific and would be underwritten to see the risk and what the exit strategy is. thats the key with shorter term loans - understanding what the borrowers exit is.

With the situation you're going through, your first thought was likely "I'll raise the rents to cover this." 

My spouse was the primary decision-maker, and I’m unsure whether to keep my share, sell, or hire a property manager.For those who’ve faced similar situations, what worked best for you?