@William E.s idea of a portfolio sale is a good one to explore depending on the hair cut you'd have to take to sell all at once. 

Since I partially self-manage, the returns are higher.My average property cost is around $700k maybe a bit more, though, so the cost of entry is high, and I am sure we would take a big haircut in an economic downturn.

No matter how minimalist you are, socks and underwear will need to be replaced...Also, haircuts and healthcare copays etc.

Some people would prefer a haircut rather than have to deal with the reality that their friends or family are taking advantage of them.If you can buy the property from the landlord at a discount that makes the headache worth it and have a plan in place to evict the non-paying tenants, I say you should make an offer.

I've noticed in asset-protection land that you need a lawyer you already trust, otherwise you're in "don't ask a barber if you need a haircut" territory.

3 - If you were getting your hair cut, how important is it for the person with the scissors in their hands, to have gone through training from others that are professional and with experience in cutting hair?

Ask your barber if you need a hair cut and what is he going to say.Find a financial advisor that does not have a conflict of interest.

Sell the note on the open market before you have to close your purchase (doable but you'll take a deep haircut on the note).3.

Often the buyers broker won't notice that huge haircut to their commission until later and then the FREAK OUT. 2.5 to .5 is probably way too aggressive and unfair to them.

For those selling rehabs, if necessary, I say take your potentially painful haircut quickly and move on, especially if you have hard money in play.And if you are about to list a home, remember that it is better to price the home competitively from the start and hold firm than to lower the price each week down from an overly-optimistic starting price.