I ran the numbers with the current Landlords financial summary provided to me by the Real Estate agent. 

I haven't been to Nathan Brooks one yet, but plan on going soon. 

A number of these seem like ongoing issues that are grouped together like the water issues, the heat and the mice .I will also note that this is mostly winter and winter in the midwest is terrible. frozen pipes, heat issues, mice are par for the course in the winter months.

I'm interested in finding someone local to handle the showings and the turn cleanup, but I don't need ongoing PM services.

Can you recommend someone reliable I can depend on going forward for my plumbing needs? 

For investors, real estate agents present many value-added propositions to their ongoing business.I feel that despite dealing in traditionally undesirable properties, investors are still VALUABLE clients.

Nice story @Johnny Situ and keep on going! 

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

It might not be a "financial hole" but you can expect the HOA fee to go up quite a bit and perhaps an ongoing special assessment.

We've got speakers scheduled each month and ongoing conversation in a group chat app between meetings.