I was happy with the current tenant and the immediate cash flow, however the previous owner had hired a property manager who had "rights" to the tenant she put in the home for eternity (15% a month management fee).

Weather stripping Doors (rear house door) – better seals, light and air getting into building Glass in same door is cloudy – thermal insulated seal failure Back Decking: The deck band adjacent to the deck steps has cracked, which is causing the deck to exhibit signs of sagging andfailure of the floor structure, which could result in deck collapse.

I need some sort of protection as I hire them often daily I have another neighbor who is in California and does much less construction than me. 

Hey JesusMay want to hire a tax proMost of those expenses related to that new property don't get deducted. 

I was going to hire a property manager but last minute changed my mind!

You would want to try and bring in $1000 per month to cover the mortgage in case the unit is vacant for a month or 2 while search for a replacement tenant.10.Hire property manager?

You would want to try and bring in $1000 per month to cover the mortgage in case the unit is vacant for a month or 2 while search for a replacement tenant.10.Hire property manager?

We took 1 1/2 yrs of weekends and using all our vacation time and hiring a local handyman as well as a few contractors and were able to turn it into a really nice place for us to retire in 5-10 years.

Not even incense or an over powering air freshener.

Based on what you all have said, over the next 5-10 years my primary pursuits will be to first and foremost maximize my education and income in my profession and secondarily to invest in my business from a cashflow perspective (buying practices and dental real estate, hiring new associates to run those practices, etc).