I am not sure you need a lawyer at this point, but it might be a good idea....If I were in this situation, I would immediately require that all repairs/maintenance be done by professionals only, and not by the tenant (hopefully per the lease).

The program works best for newer or recently renovated properties with experienced sponsors and third party management.

I've read that you can find mortgage professionals to assist you in applying for conventional loans with no seasoning period?

Also, if I had it professionally painted, it's $1/sqft.  

Professional fees that relate to producing or collecting taxable income or receiving tax advice are deductible. 

Questions for your Property Manager.1)  Are the pictures professional - Take a look... if they are not shot with a 35 mm, edited and virtually staged... they didn't put a lot of effort in.  

The cash on cash return is around 11%, The property has been fully rehabbed and I've had tenants in place since April, under professional property management.I'm looking to continue growing my portfolio, but I need to pull as much capital out of this property as I can.

How do you screen the professionals you use?  

App_...If the failure to comply with s.83.51(1) or material provisions of the rental agreement is due to causes beyond the control of the landlord and the landlord has made and continues to make every reasonable effort to correct the failure to comply, the rental agreement may be terminated or altered by the parties, as follows: (a) If the landlord’s failure to comply renders the dwelling unit untenantable and the tenant vacates, the tenant shall not be liable for rent during the period the dwelling unit remains uninhabitable.So Thomas S is wrong.   

You have some of the brightest members on BP and professional investors providing feedback (a defacto board of directors for you).