Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.

I see a conflict of interest in your role as fund manager and principal in the “operating” company.

@Michael Beirne Lower priced markets such as Baltimore are very difficult to operate in utilizing entirely 3rd party support.

But you can get value out of all of them if you work them right.The reality is, for profit or non-profit, all REIAs have costs to cover just to operate.

This is how our bookkeeping Clients operate and it works.I've heard good things about Rentredi and Rentastic for PM.

You need to know what to look for, what to address, and have solid buisiness acumen to run a MF operation of that magnitude.

If you are able to setup a credit card identical to your accounts payable accrual account, it should operate the same.  

OTRCH operates a couple of what I call "wet rehab" centers meaning congregate housing for persons otherwise homeless and there are several other agencies like "First Step House" etc. that might be interested in a presence in this block.Or you could cut your losses and put it back on the market under the "greater fool theory."  

I currently operate a few STRs so have a good understanding of that aspect although they're all located in touristy locations.

Its being operated at STR from last 30 months with great cash flow.