Can I pay the contractor I found myself and just let them know the work is being done or is it best to run everything through the manager?

If you lived in the property for 2 of the last 5 years then you do not pay capital gains tax when you sell.

Now there are some sellers that have great income and credit they just need to get out of town as in yesterday and Sub2 might work if the Sub2 buyer is credible and will not mess over the sellers credit… As in the Investor needs to make the payments on the underlined note regardless of whether their renter pays them or not.Back to your original question.

I'm more interested in this approach vs REITs/ syndicates, because I reckon with the right partnership, I stand to make far more by not paying such high fees on those traditionally passive options.

It likely will not go well because you are way too late on this.If you were a tenant paying rent would you want to just get a letter from the new owner telling you to get out with no prior conversation or warning?

You don't want to be cash poor from paying to get into the property.

It should save you more than enough to pay for any renovation.

Up to this point, I have been paying for the mortgage out of my personal account, but moving forward, will pay from my LLC's business account.

Anyway, code enforcement asked to see the inside of the apartment & i agreed as i was doing some improvements inside like painting etc.....afterwards he nailed a red tag to my wall which i didnt pay much attention to because I was literally unaware of what it was or what it meant.

This is most likely going to be on you, but if you post any lease language that makes the tenants responsible for paying for or reporting repairs - post it and we will try to get aggressive.