I basically require validation of strategy and suggestion of improvements or  viable alternative approaches. 

@Juan Jose Lopez Although I do believe very strongly in taking action, before taking action you must be well-educated on real estate and be confident in what you are doing.I am happy to help with any questions you have, good luck!

While I do have confidence in my attorney and the contacts he indicated he would provide and  my business track record , I definitely believe in contingencies and Murphy's Law.

I think that total fees should not exceed 10%, repair and improvements excluded.

If possible, check out the final product so you can get be confident the work quality is what you need.

With only 2% estimated at expenses, I'd be curious what comprised your $66.5k improvement budget. 

In reading through the policy documents provided by Stewart Title, it appears that the ALTA Homeowners policy we purchased:"This policy covers only Land that is an improved residential lot on which there is located a one-to-four family residence and only when each insured named in Schedule A is a Natural Person"So....looks like I bought the wrong type of policy?

We engaged professional management and are currently making capital improvements to renovate and upgrade units and resolve deferred maintenance.

It doesn't get us all the way there, but it's improved our NOI quite a bit so far and as many of the current tenants leave we can change this even more if we need to. 

It's a lot of work to manage the guests, but even as a beginner, I am feeling confident about managing it from afar (Atlanta).Avery Carl is a great agent, and you should connect with her.