You're absolutely correct and you should do your vetting of the PM company before you refer someone over to them especially when you're getting paid a fee. 

They don't get paid anymore. 

I have a fair amount of equity in both properties and will have my primary paid off soon. 

Anyway when we bought our first house in 2011, we paid 200k+.

I would agree its tough to tell in pictures, looks like they were knocking down basement walls and supporting with lolly columns, if the columns are on suitable footings it may not be that bad, but hard to tell in pictures, I own one similar, but i only paid $6K for the house, put $7500 in the rehab, and I get $725/mo rent, house is not falling down so I let it roll, if it starts moving then I will worry about it. 

I had paid 750k for it in 2005.

Account Closed: The documents mentioned about lien priority, but it is weird that a buyer borrow two loans from the same bank on the same date, and later another bank could willing to finance a big amount of money to the buyer to paid off the 1st loan.

Not quite worth the median $175k that these buyers paid for the properties from an individual investor perspective.Let’s dive deeper and imagine you bought these 11 homes as an individual investor.

What if I had paid off 80%.

I've found my PMs agree that they should only get paid when renters are occupying and paying.