I’m assuming that because the investor cut half the funding that he will receive 50% of what the original equity/cash flow. 

Cut back hours from the 9-5 and pick up more working for a property management company.

All those services you mention are going to cut into your profits. 

Found a great, high-quality tenant paying top-of-the-market rent.We moved from Iowa in 1998 and our first AZ house was in Chandler and we still have strong ties!

Challenges, making the deal work by cutting costs and increasing rents will take more time than anticipated Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

And getting in there doesn’t mean tying up Capitol.

Maybe a 16 plex that is run down and no one has tied it down.Rock Star comes to mind with your deal.Those deals are out there! 

I love the work I do but it just won't cut it for my family's future or the future condition of my body.

But each extra body = more trash, more towels, more sheets, more dishes, more cleaning, more wear and tear, more potential damage, Etc...In one of our places, we actually converted 2 of our 4 bedrooms into a yoga room and office respectively, to cut down on the number of potential guests and problems.

One group not to mess with is the IRS and I hear they pay snitches a cut of what they collect in unclaimed wages, maybe the owner can go that route.