Performing notes will bring you 8 to 10% or so... note funds 12% or so.. syndications 8% with upside if there is some upside. some risk there.no leverage but it does not sound like your a leverage guy any way..

Look like last time handyman didnot perform great job in re caulking bathroom shower. 

I doubt they'd do this for a 16-unit though, so I'd expect to see something between 5-10% management fees per month.Personally I'd look more towards highering someone yourself because then you can base their compensation on performance.

The great thing is you gained some equity (let’s call it $18k in free equity which can boost your net worth) but you need to have reserved to weather the storm.

You cannot use your unit as you please (for own occupancy or renting) and, worse, you cannot fire them as property manager even if their performance is bad.

Annihilate all competition not by destroying them, but by completely outdoing and out performing them.GET A WEBSITE!

Third use the cash flow to buy an investment that does actually performs on cash flow AND your main wealth generators principal and appreciation.

while I like notes I don't like contract for deeds too risky when you can just simply buy good performing first trust deeds and not reperforming those are risky as well. although I think the OP probably wants to be a landlord .. but for IRAs nothing beats good solid notes.. 

It also states anything additional will only be performed under written change orders.  

Free for first month then $9.95/monthTitle365-Search real time property info using GPS or perform a custom search by owner, address or parcel number....