@Diane Stinebaugh - I dont think its one size fits all type of an answer because imo it dependsA few things to take into consideration would be -- age of the house and how much deferred maintenace it has- Is it A/B/C or lower class type of an asset- Geographical location and possibility of natural disasters like hurricanes, tornadoes, hailstorms, earthquakes etc.

I think the ideal is ato find a great PM and have them vet every address.

If you manage to find someone in circumstances that fit your criteria, and you can bring their solution, that changes everything.

How should I deal with removing him from the lease?

I suspect that the option that will work best for you is the one that fits your time limitations.

And generally, those are the same folk who already know how to create more wealth out of their existing wealth.But when starting out, (having "small pockets"), a positive cash flow model fits the bill for the main BP audience.Nonetheless, a search around BP will find very many posts recommending buying for appreciation/negative-cashflow rather than no-appreciation/positive-cashflow.

I think there's definitely a lot of money to be made in the stock market but whether or not it's a fit for you depends on your specific financial goals, temperament, and frankly -- intestinal fortitude.

As a primary residence it already has one of the best free capital gains deals out there, so I'm not sure pursuing OZ, with its substantial rehab requirement, makes that much sense unless it just happens to fit with the deal you'd want anyway.

There is about $100,000.00 in mandatory earthquake retro fitting that needs to happen so maybe make this a credit? 

I will definitely look into those fields to learn more about them and see where I would best fit in.