I was able to make an absurd amount of money by swing trading and doing a ****-load of research an i niche, highly unusual asset class (a company that effectively had a monopoly on oddly-shaped foam pieces/packaging for computer hardware during the PC boom).I was 8 and didn't know any better, so got out at 9 and saved it all.

Looking for any referrals for property management that suits this asset class.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

The seller moved to South America and wants to get this off his hands ("he's taking a huge loss but he wants to move this asset").PROS:The mayor of FW is pouring money into this area so I think I'd be near the front of a gentrification.Its rehabbing is mostly complete.I can do most of what is left myself - from a rehab perspective (except for HVAC)Its crime is in the middle from Trulia's crime reportingRent-o-meter and Craigslist make me think I can I can rent around $1k for each sideCONS:No HVAC at all.

The property is purely an investment asset of the IRA.One invests their IRA in a vacation rental because that vacation rental provides the best possibility of return on investment to the IRA, not so they can use it.

My commercial assets were in LLCs from day 1, so more protection. 

I would take the tax free gains on that property and reinvest that in a more productive asset.

Here's a couple of quick add-on questions:When figuring expenses or improvements on the rental, where do overall expenses and asset purchases go - the things not applicable to just that one property? 

Has anyone on here eve hired an asset or portfolio manager to manage their real estate portfolio to have true passive income.

Commercial lenders have a laundry list of "no-no's" for this asset class.