If you really like physics and engineering and talking about that, maybe teaching at the local community college would be ideal.

Gross Income $1,900- PITI= $700 -Vacancy($100)-Management($190)-Water/Trash($60)-Capital Expenditures($150)- Repairs($100)= $100So only $100 in cashflow after all those expenses which is not ideal BUT have been cutting costs. 

Ideally the previous owner/manager will have sent a letter letting tenants know the property is closing on X date and the last payment is due to them by Y date.

I am working on finding a W-2 (salary or wage) job where ideally I can help investors manage and grow their business while learning about the Birmingham investment market.

In an ideal situation I would add an additional partner that would focus almost exclusively on locating another owned rehab opportunity and to relieve lease up or financing issues from yourselves. 

I prefer to remove the odor, if possible, rather than to cover the odor.Tenant moves out, exit walk through, run ozoner for at least one over night but ideally a couple of days (depends on how fast we can get to the tenant flip), then perform the tenant flip. 

None of us want to see a fellow investor get hurt by a let's just say less than ideal investment. 

Ideally, you'd want to refinance $119k in order to get all of your money out to start over.

But I build good rapport with my sellers and if i would have needed to extend the close date im sure most sellers i deal with would have been amenable to that. 

As @Ryan Paltridge mentioned, it is best to work with with someone in the area, ideally someone that is doing or has done what you are trying to do, as one would understand what you are trying to achieve and follow the Return/ROI/Cap Rate/Cash on cash return (which ever way you are analyzing your deal)  you are looking to accomplish.