Covering this with my salary is relatively comfortable.  

These people can be relatives, friends, coworkers, friends of friends, and business associates.

Seems there's been some reorganization and my investor relations contact from Four Peaks moved on. 

As far as their relation with the PM goes, the PM is the agent they used when buying the said rental, agent is local to Indianapolis, as for any form of PM agreement I do not know, it may be verbal, or they have a written agreement.Thanks in advance. 

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

And no, I do not have any relatives by that name in FL.

What does that word actually mean to you in relation to your investing goals? 

Bank related issues can be prosecuted for 10 years.

If you spend at least 500 hours annually managing or operating a rental or real estate-related business, the activity may qualify as non-passive, allowing you to deduct losses against other income.

@William Fishergreat question thanks for posting, I was just looking around for posts that were related to this.