There will not be one PM covering all the places you mention in your post, so maybe refine your search a little, and then you can start interviewing.

I am guessing they probably raised $15-25M from investors for the deal, so while the bank would still be covered investors would appear to collect maybe 10-20 cents on the dollar if they were to liquidate.if that's the case then I don't see buying one year really does anything unless I am missing something ? 

Would it be smart to tack on another 203k in the future assuming my income covers payments?

The plan was to utilize the HELOC as the down payment then getting a conventional loan to cover the remaining 80%.

Hi @Bryce Cover,First, congratulations on your growing family and your successful real estate investment so far!

Has anyone ever made the tenant have to pay for a single utility and have the others be covered.

Currently there is plastic sheeting covering the hole in the ceiling, about 4'x4'. 

We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

For expansion, innovation, or simply covering cash flow during slow periods, access to capital is often a barrier.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.