Our current residence is paid off and we have no debt. 

What should I expect from the bank after the loan is paid off?

If you perform the repair personally, you have to be reasonable in charging fair market rate. eg. if it takes 1 hr of your labor for some handyman's work, $20-30/hr is reasonable, even you're probably paid much more in your own line of work.My suggestion is to first fire the PM who obviously wanted to skim some profit by inflating the repair cost while exposing you to lawsuits (remember you're in CA - a blue state and San Jose - a city with rent control).

I want to know what the things are that aggravate you most as a landlord.Some things I can think of are:- rent not being paid on time - maintenance fixes (AC went out, dishwasher stopped working, etc.) - providing notices for evictionWhatever it may be, I want to hear it.And thank you to everyone who shares with me.

The house is paid for, what do you guys think about approaching the owner to carry the note while we complete the construction? 

I'm sure your mortgage still needs to be paid.

"Oh so glad you called me, yes that need to be paid today"I need someone who is diligent at their job and search for the best prices and keep my accountsup to date.I am hoping I can find a good insurance broker preferable in the South Florida area to discuss theopportunity of managing insurance for my portfolio of properties. 

The refinance closed today and we simply just paid off my parents existing loan and closing cost.

List in your Ad "No Agents No Agent Fees Paid" 

There's no perfect answer, because it will vary widely by location and the actual property. 16%-18% pre-tax profit (of sales price) is a pretty good rule of thumb.