I got the terms mixed with open mortgage (no penalty to pay off early, but higher interest rates) and closed (more typical mortgage with lower rates, but the penalties to pay off the mortgage)...that'll teach me not to post too early in the morning :)

Diversification and long-term goals should guide your decision.This post does not create a CPA-Client relationship.

I have many questions about this topic - moving from self-managed to PM - I'll post something separately on this topic. 

Make a post and put my name down and ask what do you do with it.  

View report*This link comes directly from our calculators, based on information input by the member who posted.

Originally posted by @Wayne Brooks:@Zoran M.

I know this post is old, but just in case someone sees this and wants information, I will report back on how it goes.

@Namal Burman, your post caught my eye because I had a former client-now a good friend-who found herself in a similar situation.

If you're expecting property owners to sell their home to you at a discount, you'll need to earn their trust - whether that be by demonstrating a successful track record with purchasing/selling similar deals OR by meeting them face to face and separating yourself from the dozens of local investors and realtors.Lastly, I'd recommend searching past posts related to this topic as well as checking out books related to your target investment strategies.All the best!

@Paola AstridRecommend 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.