I don't like your PMs contract because it is basically "If you bother me with anything that is not in this contract, I'm charging you a fee, in the hopes that you will stop bothering me and go away." 

Business leaders can’t stop talking about this “pro-business administration” that is coming on January 20th.

Just get started, don’t let this stop you. 

I'm currently building up capital for future ventures and properties that I find on market, as well as attempting to find the best brokerage where I can work under an individual who is already more established.

Hard Money is often the first stop.

Oh, one more thing to be wary of, section 8 contracts states that if you have long running issue and not fixing it, not only can they stop the rent payment for that unit, but for every unit in that property.and another one. 

This is a pretty old post - not sure why a newbie felt the need to resurrect the dead here - and I'm not sure the OP is still hanging around, but if he is:The first rule when you are in a hole is to stop digging.

Good luck with all your future REI ventures!

Pick up the phone or stop by local code enforcement offices to make sure that you have a crystal clear understanding of local laws and regulations.

Meaning if the borrower stops making their payments the investor can lose all of their investment.