That kind backs out to 12-15% cash on cash return. 

Not sure what the property is currently worth.

But is that worth the money?

If saving 20% and building direct is worth it to you I'd recommend it.

It might be worth looking into a new PM team that sets the right tone from the first call and can clearly outline their onboarding process for you.If you're still hesitant about switching all at once, you could consider a phased transition—transferring properties to the new PM as they become vacant.

It's at that point the borrower doesn't have enough cash to do that, and the lender forecloses on the property.

Not really worth paying their points if they are just doing what you are already doing. 

Despite wanting to handle it a few other ways I reached a small cash settlement with him to drop it.

Cash flow might take a bit of a back seat but building a team you can trust and building experience are top priorities in my eyes.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .