My current job allows me to maintain a decent lifestyle and save, however I only have 3.5 yrs left on the contract.

Of course, her ideas were crazy and would've left me with much less profit (as just 1 example, she wanted me to rip out brand new granite kitchen counters because she didn't like granite).  

I've been totally out of the loop since I left there.What happened?

Everything else puts the PM incentives out of alignment with yours.If it seems too good to be true, it probably is ... if you can't understand with their fee structure how they are making a living honestly, then they will probably be trying to make their money dishonestly and/or not staying in business ... neither of which is good for you.Know the local laws.

Even called twice in one hour after the police just came and left the first time.

And apologies to all that this thread took such a left turn.

However, your 24% gross potential rent will shrink very quickly for the following:About 15% to vacancies and bad debt so you are left with ~20.5%. 

There isn't much land left in the city so builders are buying dilapidated houses and tearing them down.

Long story short ( I know .. too late)  The guy was a real nice guy, an investor and very interested in coming to the meetups - we talked for a little but soon he had to go  -  so we said our goodbyes and he got into is car and left.

This recession has been extremely hard on new residential construction, and not left us with a lot of extra cash.