I have owned 1 home in the past (bought at the trough during the Financial Crisis, renovated, lived in it, rented it for a year, and then sold it for quite a bit more than we paid).

So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70%   1) Fixed Expenses:        a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance:  5.4% 2) Variable expense - Water bills + repair expense : 16%  Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100%  A) Rental Income: 42%  B) Wage income (W-2) : 26 %  C) House Flipping Revenue: 23%  D) Property Management Revenue: 5%  E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.  

Or do I have any standing to not let him tow it until I can fix it?

I am meeting with banks and some local connections I have with real estate agents to start getting a feel on my position financially as well as get a feel for the local market.

Don’t let financing stand in your way.

Offer your services as a financial analyst on a consulting basis. 

Get a rentroll, leases and financials and have an inspection done by a licensed inspector.

This change alone stands to gain me ~$150k+ in equity due to the increase in NOI.My concern is that firing this PM may prove complicated due to his status as a tenant.

I have made my share of mistakes and they can be mentally draining and financially painful. 

@Ashley Wolfe Like anything in life, there are pros and cons to ST and LT rental investing.