If I were to sell, I would look to buy another multi-unit property in a smaller town in the $100-120K range that cash flows $400.

You can manage D grade rentals in rough areas but in general the most success is from those that manage their own rentals in those areas of town. 

He's a major hard money lender in town and has a fairly simple process to get quick funding.

Message me if you want access to some of the best deals in town.  

After reviewing the cost to rehab and the area of town, I decided to Wholesale for a quick profit.Sold it on a Real Estate Contract (Owner Financing) with $100k down, the balance is financed at 10% for 13 months, then the loan is called.

The best way to find the next good market is to find the hot ones near you and go two towns out in each direction and see which one is progressing more.

I quickly delisted as in that short time I had realized my town requires a license, but it sparked the possibility that this could be a great kickstart to my real estate dreams.

I'm not going to hold a tenant hostage or make them pay rent if they finished their work contract early and need to leave town.

To be honest, any Contractor that asks for larger amounts of money is showing that they do not have any reserves and/or they are 'robbing Peter to pay Paul'.After the initial draw, I would advise paying as the project proceeds - after demo is completely done (and you know that for sure if you are out-of-town), then pay for demo....only.

My office is North of the city in Old Town.