Here's the decision as I see it:Does the time flexibility and lucrative pay of being a property manager outweigh the highly illiquid nature of this  investment?

@Melissa ShimminThe company you choose to work with will depend on the nature of your investments and the type of plan you feel will best suit your needs.IRA Custodians such a Entrust are 3rd party processors and record keepers.  

I guess my point is that it is natural to be a little scared and nervous, but sometimes that is also a sign you need to adjust what you are doing.

That's the nature of this business - live and learn!!

Public sewer and trash are other utilities that are frequently municipal utility services, and as such a tenant's failure to pay could lead to a lien against the property.Of special note in PA is natural gas service in the City of Philadelphia, because the gas supplier in Philadelphia is the municipal utility called PGW.

So naturally I went and got my license!  

Real estate agents, especially the good ones, can be very helpful when it comes to running "comps", an analysis of what other houses in the area are selling for, similar in nature.

Also, that person is going to gravitate naturally to the person in the group with the most experience in doing deals.  

Asbestos can become airborne from the wind blowing across soil that naturally contains asbestos.

Does it matter if that was theft, natural disaster, tenant caused problem, maintenance issue (like water damage because pipe bursts etc)?