I met with a member of Allstar management team today and was very satisfied and appreciate their quick response to a meet me on a pretty short notice.

Once you’re satisfied that your property is not at risk for fines and/or damage, send a strongly worded certified letter to your tenants, notifying them that they are in violation of the lease.  

Well this is not equities.To me it's more like owning a 7-11 (than owning securities), you need satisfied customers with enough money to buy your products, and you need new customers who need and want your product.There is long term maintenance to keep the asset value (providing the neighborhood does not slide downhill in 20 years and become a crime hole).Realize your cash flow needs to be set aside for things like roof replacements, water heater replacements, etc..., (HUD has a service life list for things).You benefit from loan pay down, natural appreciation over time, and any forced appreciation you can do.You can get depreciation on an asset that appreciates.You lose if you run out of money to pay the mortgage, insurance or taxes, and lower the rental value if you cannot or do not do required maintenance and replacements to stay current with local current demands.You may face foreclosure, bankruptcy or personal asset dissolution, depending on how your assets are held and how your loan is worded.I don't think you can put a numeric on the risk.To me it seems more like a Zone thing. 

The 30k-50k SFH properties that might satisfy a 2-3% rule are going to carry a lot more risk than the A-neighborhoods that you seem to be considering.

risk vs. reward:  the investor has put the capital at risk, while the others have no risk in the venture.There are MANY permutations for this, but do you see the basic issue at hand that you three need to understand and address, in whatever manner satisfies the group? 

They will be more likely to understand and satisfy your needs.

Ohio satisfies this a lot, Columbus less affordable and more appreciation, Cleveland still very affordable, with strong cashflow and minimal population/job growth.  

@Jezelle John I’m a new investor in the Cleveland area and currently have a PM I’m not satisfied with.

Many investors have unrealistic expectations when it comes to PMs, so the best a PM can hope for is that their clients feel satisfied, you will not get many 5 star reviews as a PM.Best you can do is ask around at meetings, you will start to see patterns.

A landlord seeking to evict a tenant must satisfy one of the requirements defined in New Jersey's Anti-Eviction Act.