Plus their unique/arbitrary cap ex escrows which even they don't really have a specific number they will give you for how much that is per house per month.  

Messing with the glazing or wood trim, especially on old windows, will be much more challenging if it's your first time.

I know this is a unique issue to the note and the individual, so I'll add a few details and see if there are any suggestions as to where I should go from here.To begin, I'm a note rookie, and I accept all the critical feedback that comes with it  : )   I now know that I was under capitalized when pursuing this note.  

Before that, legal problems, after marital issues, after financial challenges. 

As a former Law Enforcement Officer im very ambitious and motivated and very excited about this challenge, always wanted to get into real estate investing.

Your comment made me challenge my assumptions and to do some research.In California, it appears that you need to have a broker's license to own a property management company.

I believe R.E. presents a unique and exciting opportunity to do all these things. 

I'm looking for different solutions on how to handle this unique situation.A friend of mine purchased a house with her husband back in 2009.

Never heard of it before, but definitely has some pretty unique houses.

Your involvement is limited to the sale of the unique "Equitable Interest" in the property which is considered to be property similar to a car, not real property.