Sounds like wherever I end up, almost regardless of the evaluation criteria at the state level, I can find success in a surrounding market, which will benefit me in a big way to be somewhat local to my investment market. 

This sounds like a great community and I am excited to connect with people with similar goals and interests. 

Sounds like what you are looking for is a T-12.

Sounds like you're taking some good educational steps.

@Dave Atwal it sounds like you've done all of the right things to protect your assets.

$3k in non-mortgage expenses sounds ridiculous... that's $36k a year.

@Ned Carey, he sounds like a potential podcast guest.Anyone know of any good podcasts on the subject?

I thought it sounded like a property management nightmare until I learned that the current property manager just gets to live in the house for free, and in exchange he keeps the units filled and does most of the needed repairs.Any advice on whether or not to do this deal?

Does it sound reasonable for me to switch lawyers now? 

It sounds like a slimy landlord to me.