I'd prefer 30 year fixed rate debt at 7% over this arrangement unless there is something that I am missing.

My market is San Diego so I do not have direct referral for a GC in north Hollywood but I will say my preferred way to get contractors is direct referral.

It's a personal preference.

Use a property manager for out-of-state properties or if you prefer a hands-off approach.

@David Lewis I prefer real estate over stocks due to taxes. 

The company that did the repair is their "preferred" vendor for these things which in itself is not sketchy, but I don't think there is a way for me to know if it is a friends company or something.

However, once we implemented technology a few years ago, even our local clients prefer to avoid driving and switched to doing business remotely.

Tenants prefer detached housing over attached housing and stay longer. 

I am with Nabers and would prefer to move to a platform that provides robust book keeping and filing services. 

While I’m open to both turn-key and fixer-upper properties, my preference leans slightly toward value-add opportunities where I can improve the property and increase equity or cash flow.That said, I’m also happy to consider turn-key options that provide immediate cash flow if they fit within my investment strategy.