I too, work full-time.That aside, the poor decisions, non-responsiveness, exorbitant repair charges, lack of detailed answers to your inquiries, etc. are each potentially deal-breakers on their own but collectively, I'd absolutely be be jumping ship if it were my property.I haven't yet changed PM's or term'd a PM agreement so I cannot speak to the specific legalities but would certainly assume that if I were in your shoes, I would shop around NOW!

I have always been intrigued by real estate but have lacked the confidence to get started.  

It is most likely a miscommunication between roommates or some lacking math skills.  

Sorry that I don't have a name for you, but wanted you to be aware of the lack of licensing requirement as I was surprised by it.

Joel - understanding you is where I lack in this game.

Nothing wrong with that so long as they don't keep you in the dark while they continue to leach off of you.Learn real estate first, then you can spot the bad apples and will know to stay clear of trouble, time lost, losing money and possibly fines or worse. :)    

The things you really want to watch out for is: flakiness, lying, lack of commitment.

I am very close to finishing this deal but lack that bit of knowledge right now on the final step.

Well DC is on this list and we have a huge lack of multifamily housing outside of apartment buildings.

If everyone gets a little bite at the apple, it keeps everyone happy.