I wouldn't sit on stocks, that's the Wolf of Wall street snorting your retirement in nose candy.

So I don't want to waste you're time if you're busy with this crazy market.

Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

It's a waste of time. 

But, don't wait on the sidelines, because years could pass and you'd have wasted that time. 

Apart from painting, replacing toilets, etc (and also addressing mold issues), the general contractor is also adding a wall to make the property a 3/2 again (prior owner took down a wall to make it a 2/2). 

Around house 10, I started moving some walls, repairing floor joists, adding foundation piers, etc.

Also, the city required us to have a sprinkler system and a fireproof wall with the adjacent property. 

We had to take out a wall, replace all paneling with sheet rock, re shingle the roof, and put in new flooring.

.- Improper footings/foundation - They have done some work to increase stability but looks as though it was not permitted, as is sometimes typical with early 1900s homes, there are no footings underneath the vertical foundation wall.