So, the deal has to make enough economic sense where I know the return annually is good enough that even if price of the property slightly dips you are still banking monthly.Sometimes sitting on the sideline isn’t bad.

I just logged into my account and there’s still $5 sitting in it so…

You just have to make sure that you would have the available funds to make the renovations.So if you have $30,000 sitting in a bank, maybe less likely that you need to set aside money for renovations.However, if you have $0 in the bank, maybe better to set aside some money.How much you should set aside depends on several factors1) How old the house is.

Sit on it?

It's just sitting there not doing much. :) 

It’s been hard to watch that money sit there and not do anything though!

Your PM did not cause this and none of this indicates they failed in their duty.It's SO easy for people to sit around online, armchair quarter-backing and place blame after the fact.

Ive seen some advertisement before But cant recall exactly what company was offering that amount.

Our circumstance is similar.Theresa Harris, question for you:      On our first rental, we're sitting on @ $130K cash/equity after refinancing in October this year to capture a 2.89% on a 30 year conventional--and we took out cash up to 70% LTV. 

I’d sit on that one rental for a couple years.