My lack of involvement has allowed me to be unaware of repairs and whether or not they are even happening.

However, I'm busy with career and family and can probably count on more maintenance involvement with this new property, and a PM would of course decrease the net cash flow.

Most of us involved in REI started as you are and realized that what we were building would take more than an "employee" effort.

Complete control to me involves me doing what I want with my life regardless of what day of the month it is.

Several businesses were involved, and they were all located at the same address and had the same account signers.

It is not 100% clear to me from your description on how you wish to structure this transaction but remember, if you IRA is involved, all of its transactions must be 'arms length', which means no personal benefits to you and you are not allowed to provided any services.  

Of course, if there are LARGE fines involved, may have to take that into account.But it's a thought, check with them.

I never stop learning from you guys and think it's time for me to start getting more involved with your forums and discussions.  

I have a financial background in mergers and acquisitions and now want to get involved in an industry where I can have an impact on many lives rather than just making money for a select few.

These deals always move quickly because of the time constraints involved in the purchase contract with the seller.