Then all you gotta find are those deals that are so good that they positive cash flow with 0% down.

Another word of caution to consider; I/O loans could lead to an upside down position in a depreciating climate.

I could end up paying for this home out of my pocket because I cannot find a tenant ready to take my position in the lease option as the tenant buyer, which the original seller knew nothing about.

I would not markup a service or product that's already at market rate.Agree with the second paragraph, and it should be detailed as to what is and is not included, but really, management includes any and all aspects required to promote, maintain and maximize the profit for your client/principal in your agency relationship.The first paragraph is clearly not acting in the best interest of your client/principal or employer, the reason an owner hires a manager includes their knowledge, expertise and ability to maximize profits for the owner.

And if depriciable site improvements are $600K, you'll have a nice $18K+ taxable loss on about $8K positive cash flow.

In the investment property we bought a massive modern original piece of art from a local artist for around $200 and it complements the antiques.I like to read interior design magazines then replicate the look for as cheaply as I can while maintaining some quality. 

A rule of investing that I have learned from a well-known investor is "Thou shalt maintain control".Again, I am not saying that these funds and people who invest in them have not made money.

We have 90 days to repair it to maintain coverage.

Also, I'm wondering if people have thoughts about the benefit of owning the units as a block from a wholesaling perspective, or from a buy and hold position, etc.

I'm being put in a position to take on this venture or turn down the agent/friend/associate that is selling this service, that puts a strain on that relationship.