If you have good reasons to change PM, please don't hesitate, you could be losing a ton of money or missing opportunities to improve your cash flow position.

My wife and I have done 2 flips so far and enjoyed it tremendously, but we are always looking for ways to improve.  

actually, I like tinkering with my properties and making improvements...so, I guess I should go work in the construction field!

The home appraised for 25k more than what I purchased it for, and I put a 20k downpayment, plus the improvements that I've made during the 4 months I've owned the home (paint, flooring, etc.. ) My lender notified me that even if I refi into a conventional loan with them (I currently have an FHA) that the Flood insurance premium would still be there. 

Based on my research (http://www.nyshcr.org/Rent/factsheets/orafac26.pdf) rents can be increased through Individual Apartment Improvements (IAI).

Bravo - - tracking like this is how you greatly improve your skills in estimating AND managing the project. 

(e.g. stretching their budget thin, always improving or fixing something, tenant stories, snow removal, etc. - all of which I believe will pay off in just a couple of short years so I personally think these are great problems to have.) 

If only there were more people with jobs and the city wasn't so segregated than Chicago would be much much improved.....

Sure, it's a stretch, but the more motivated they are, the better you can create a relationship, the more your chances improve.  

Hi @Alexander Zurn ... most areas started improving in 2012 so 2013 would be a strange time to reassess lower.