Provide clear instructions on where and how to pay to avoid confusion.Recover Security Deposits: The current property manager is legally obligated to transfer tenant security deposits to you or the new management company.

Hey Steve we put on 2 monthly forums in Scottsdale. 1 for fix/flippers and the other for STR investors, no sales pitches or courses just a market update and networking with other professionals and service providers!

Quote from @Roger D Jones: SamEveryone here is providing great points to consider and if you were my son I would say that at 360k this 'dog needs to get put down'. 

At the same time, dispute the late payments with the bureaus and provide the payment records showing the payments were made on time if asked.

With the numbers you provided above, you will have to ensure you have healthy reserves.

I can't continue providing that service if the landlord takes over management.

Condition, pictures, any financials they can provide.  

My company provides an all-in-one solution for clients.

If you like the idea of a self-directed HSA like @Kaaren Hall mentioned check out providers like Accuplan and IRA Financial Trust. 

These areas tend to provide the best balance of affordability and rental demand.That said, Detroit’s market is unique.