COMPLIANCE OFFICER Designate a compliance officer who will be responsible for ensuring that: The AML Program is implemented effectively, including monitoring compliance by the company’s agents and brokers with their obligations under the program;The AML Program is updated, as necessary; and, Appropriate persons are educated and properly trained. 

If I could carry the financial weight to rehab & hold, I would, but I need to get started somewhere.

I would go the fee of $100 and get it done properly.

., you would be AMAZED at how good that room could look, with re-stained parquetry (sorry, I agree with @Max Tanenbaum), and PROPER colored walls (it's that BLUE that wrecks the room - which really IS from the seventies)!

In the mean time what would be the proper way for me to try and acquire a second investment? 

Term Life is all you need if you invest properly for a period of 30 years which is all people need using Dollar cost averaging consistently.  

., no prior relationship), I suggest hiring contractors with a brick and mortar storefront or office that has staff of employees (field and office), that has been around for awhile and are, of course, properly licensed and insured.  

I want to begin but I need proper education to avoid serious mistake.

Assuming, When you bought the property that it was capable of producing $135,000 in NOI but was not performing to market because of bad management then the proper way to value the property at that time would be to use the MARKET rates at the time

@Robert BienesYou sure are on the right path, just make sure to know the area, run the numbers properly and don't buy based on appreciation because there's almost no appreciation in these areas.Wishing you great success!