As this particular school had a very low majority / minority ratio, only a few dropouts greatly skewed the data.  

In my mind, the investor is taking all the risk, so pay them so well (a majority of the profits), that it is a no brainer for them to keep doing deals with you while you learn. 

My biggest advice is to do any major demo and work (taking out a wall, replacing/repainting cabinets, refinishing or replacing floors).

Or ... if I did sell, I would've started investing the majority of my leftover profit, instead of having it sit for the last 4 years, and dipping into it every now and then....Lesson learned.

Upon waking the house there were no major issues apparent, but is this a sign of the seller hiding something or taking the path or least resistance

Upon waking the house there were no major issues apparent, but is this a sign of the seller hiding something or taking the path or least resistance

You need to know what the current condition and life expectancy of all major components and appliances are.  

Back on the original question: if I had a PM, I wouldn't feel right siphoning off a major portion of their income nor forcing them to manage my tenant.

I'm pretty sure every major city and MSA has at least one attorney who does that kind of work exclusively.

In my case, there are major issues like roof replacement, siding, mold remediation, etc. and the house is vacant and in very poor shape, so there is no way any of these violations will be taken care by the seller.