@Raj KandragulaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

@Duy Xuan Do, your logic makes sense on the house hacking front, but I would really encourage you to explore other types of rental strategies, such as mid term renting or rent by the room.

I would also encourage you to go to MobileHomeUniversity.com and visit the forum page. 

The nineteenth century idea that the wealthy only work with their minds while the poor must work with their hands seems to be reasserting itself in our society. my Drywaller has 400 employees and a company Jet !! 

I agree, given everyone's encouraging responses, I think i have decided to keep it.

It can definitely be frustrating.One thing I'd encourage your friend to keep in mind is that the tenant is a person and their housing depends on this process.

Pay the termination fee or stick with the original agreement.On the other hand, you may consider lowering your rate and encouraging him to stay.

They are encouraging people to take money from their retirement accounts and using it to buy properties, not that I am am opposed to this, however, I felt it was a bit strange that they mentioned this kind of financing would use a 5/1 arm.

And it is happening faster than society can respond. 

I would encourage you to use the search feature of the forums.