Still lots of work to do on the house and the “book” I still have to figure out what to do for it (paper/digital/both), and a few more things I probably am not yet aware of … reading on this forum and asking questions sure has helped out a lot.

With the 25% I charge I'm not expecting you to lift a finger, just collect a check. 

Once you figure out something that looks good to you then you'll be able to find an investing strategy that works for that area.

Even if it's just part time, the key to figuring out how PM is done well is by being present around people who have mastery of the industry. 

Once repositioned the expected CF could be approximately $30K/month, less the debt owed for getting into the deal.

Renovations were quite a bit more than we had expected due to more issues than we were aware of.

Tenants should pay  utilities - they're consuming those and landlords should 'inspect' what they expect on a quarterly basis and that includes verifying that utilities are current.  

Now, you need to figure out how to find deals and pay for them.

I'm sure it's a little more efficient in larger cities, but my market requires up to 60 days to get approval.Lower your expectations with Section 8 tenants.

I expect to outperform these numbers.