There is opportunity but also a lot of issues and risks.

I have "one on one" students in Atlanta, doing very well, but if price is an issue, I'm not your guy.

., I am the polar opposite of @V.G Jason.I do care about the guests, if they are late and need some kind of help, was there a serious issue etc.Personally I would reach out and see what's what.

I also hire a plumber when I have an issue at my house, I hire an attorney to draft documents for me and I hire a CPA to do my taxes. 

I agree, you likely need to start by firing the PM and then address the rental property specific issues.

Some of the orgs have silly, or poorly thought out internal processes that lead to issues like this.Not a good sign, as several have mentioned.Recommend getting to the bottom of it or replacing them.

I house hacked with 4 roommates (at one point split my bedroom and had a 5th roommate) and it wasn't fun, came home and had to deal with issues, fixed problems, had some awkward/difficult encounters, but it was all part of the process and well worth it. 

What was done without permits, what was done haphazardly, what is behind walls or unseen that can cause you issues later. 

If you start buying at that 200k level then you are talking the life cycle costing 45k+.I looked into the major markets in Texas: Houston, SA, Dallas/Ft WorthHere is the issue there, as I have talked to many agents and contractors in those markets. 

With a substantial portion of this debt held by banks and regulators pushing for decreased exposure to CRE, liquidity becomes a pressing issue.