We need enough money for one of the owners to purchase another home or negotiate he stay living there. 

@Dusty Lewis I live in Williston I have 1 rental property right now.

@Vlad Krokhmal I would go work for another PM firm to see how they operate, SOPs, professionalism, and be able to show experience to prospective clients when you go live in 2 years.

However, just before work was scheduled to start, the foundation company informed us of severe, uncontrollable settlement issues that made repairs unfeasible.Given the significant delays and additional costs this would entail, we made a quick decision to sell the property to another investor.

I live out of state and would give it to a PM. 

Additionally, our double closing strategy allowed us to take ownership and quickly resell the property, giving us greater control over the transaction.

Additionally, our double closing strategy allowed us to take ownership and quickly resell the property, giving us greater control over the transaction.

There is a fundamental difference between charging a flat fee like you are to cover administrative costs and running a maintenance arm out of a Property Management Company that encourages discounting work so they can recognize an additional revenue stream. 

With the right oversight, I imagine you'd have less to worry about renting to clean and sober living organization.

I live in a condo located in Walnut Creek that I plan to rent out in the future.