I bought it in cash since it seems most banks don't work with Co-Ops.

It will be a hot market again BUT the fact is that the sales market is absolutely terrible right now.Good luck with your FDIC banking!

And eventually, they also fail financially, because over time capex exceeds cash flow.So I am very much in favor of @Tim Ryan 's idea: pick a market and grow roots.

I did attempt this in 3 of my units, and all have failed despite the original premise being no problem.

You’re effectively acting as the bank, so it’s crucial to vet your buyer thoroughly and possibly require a solid down payment.

If rent growth fails to outpace inflation, you have to get a job to supplement your diminishing rental income.Las Vegas Metro AreaBelow is a map showing the Las Vegas metro situation.Las Vegas is a small island of private land surrounded by a vast expanse of federal land.

I'll try and do that, though I think the subject of the post should be all the things that the prior manager failed to do. 

One investment basically failed.

Will they have to contact their bank ask to set up a recurring deposit to my account?

I have recently asked for two most recent bank statements.