Issue two is that because it is essentially a game of telephone, there are delays and many misunderstandings. 

Having clear, mutually agreeable terms can prevent misunderstandings and keep your options open.It’s always best to consult a real estate attorney to ensure the contract aligns with your interests, particularly if you foresee independent deals.

Ultimately, clarify with each broker upfront about your intentions to avoid misunderstandings and ensure they’re comfortable with the arrangement.

I believe you were misunderstanding the training.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

However now I know what to look for and will make the call if there is a misunderstanding on my part.Spoke with the seller and offered to pay first payment of the note at closing to which it was agreed to.

Open communication is key in maintaining a positive landlord-tenant relationship, and being transparent about potential changes can help avoid misunderstandings.

I would see if there was a misunderstanding with the lender. 

Appreciate the info, I now see I was misunderstanding the 1031 NSP purchase requirement.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.