I have done a few all POH deals and I can tell you they are not only a night mare to finance, but they are a night mare to manage as well. 

While living there, we'd like to live for free, and after moving out, cashflow at a net amount $500-1000 and have a property manager manage it for us. 

There's no trees on the lot at it's manageable for someone to stay for 3-5 years.

Recently, I managed a home renovation project where the contractors were paid at closing, which significantly boosted the sales price.

I own a business checking account to manage rental income.

Personally I would call your local investment guru agent or property manager and see what you can do.

Blaming Loopnet for an allegedly bad property manager is like blaming Zillow for an allegedly bad realtor...I'm sure if Loopnet was stupid enough to give ransom money to BBB, BBB would take down the bad reviews and un-filter any good reviews (which is the entire business model of BBB).

The scenario: $295,000 purchase price (my list was $299,000), 100% occupancy, $1,900 monthly rent, with taxes ($1,856), insurance ($768), and property management (7%) the only expenses.  

Also, there was a pre-move in inspection by a management company and no statement of cat urine smells or smells of any kind were noted.

I've been going through "The Multifamily Millionaire:  Volume 2" and in Chapter 13, they talk about property management ranging from 4-6%, on top of on site management that is on the owner's payroll, separate from property management, and that you should budget about 1 staff member for every 40 units.If you (the owner) are already paying a property management firm, why do you have to have on-site management separate from the PM?