When something goes into default, like this property has has, I have little to no control yet assumed a lot of risk. 

I would also recommend paying attention to the landlord restrictions, rent control and overall laws as it relates to owner/tenant relationships.

With proactive communication, they will demonstrate they are in control, and you can rest easy.Start by going to www.narpm.org to search their directory of managers.

I've been in your situation and nothing can prepare you for losing a parent.

Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.

I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.

You have no control over this.

The biggest difference to me is that YOU have control of every aspect of an active investment, while somebody else is in “control” of a passive investment.  

SFHs are largely exempt from many regulations such as rent control.

No state income tax, no rent control, and a straightforward eviction process make it one of the more landlord-friendly places to own rentals.