As you increase in property size, down payments required can be in excess of 25% (four-plex properties and bigger typically require 25% down).This doesn't mean that you need to have the full amount for a down payment, you can get creative in how you come up with the down payment. 

One method: learn how to be a real estate operator full time (which is what I did) or find other sources of income (job, business, etc which is also what I did with my property management company) that you can funnel excess cash into real estate.Good luck and never give up!

Long term, I would expect the San Diego RE to have property and rent appreciation far in excess of appreciation and close to the top in the US. 

The times this has occurred on me the amount of damage that occurred at the property due to excess wear was just eating away at my cash flow.

However $100k + to convert a 400 sqft garage seems very excessive. 

Firing a client happens rarely, usually due to excessive, unreasonable demands or micromanaging or sometimes poor/disrespectful behavior towards the PM.

Emerging Asia is in the midst of a multi-decade economic boom as it catches up to the developed countries and there are tons of investments yielding returns in excess of 25% per year.

Back to my interpretation:From my understanding there are restrictions on what a Family Owned company can own, specifically in excess of I believe 4 units in a particular property, to be considered remaining as family owned.

IE: 15k rehab = 15k net profit, 20k rehab = 20k profit, 5k rehab = 12k profit, etc...I think I would be comfortable paying her $2,000 for every deal she was able to find in this way, but I'd also like to give her an incentive to find better deals than that as well...I'm thinking of drafting a document agreeing to a $2,000 commission on any acceptable deal that meets company buying guidelines as well as a bonus 25% of potential profits in excess of minimum net profit guidelines.

That being said, smoke damage can also be caused by excessive burning of candles.