It appears to me this was a well thought out move that will lead to the Morris's having a nice  life here in Portugal and all the investors left in his wake are for the most part very much out of luck or any hope of collecting on judgements. 

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.

I just have never heard of this kind of experience and am wondering if others have run into any debacle like this. title company checks normally dont get held I know mine never do.. last year when first american got hacked I had closed a deal and had a nice size proceed wire due and it took 6 or 7 days for FATCO to get the wire out to me..

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

I think this looks nice and clean

Yes just read the details nice!!

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

I would lease it to cover cost for 2/3 years and then I would sell once I could get $475,000+  Would be a nice ROI and is actually doable.Love this idea!

@Jesse BeachI have to agree with what's been written here.

Even then, if you've built up enough carry-forward losses, a nice capital gain may not trigger any taxes to be paid.