You might want to renegotiate the option and get the tenant to commit to another additional 5 or 10 year term today.

Indexing is great if your committed to the stock market or are OK deferring your RE plans, if the market drops.RE can beat the stock market because the RE investor can put in the time and effort to influence the investment outcome - which can't be done in the stock market.

I do think the communication level is poor, not sure what the level of commitment is between you but I'd consider looking into another firm so your prepared for a change.. 

6)How much time am I required to commit to a broker once licensed?

I think that this could work, assuming you have AT LEAST one, but preferably two alternate exit strategies in place in case something happens and this guy cant honor his commitments. 

I'm committed to trying Quickbooks Pro Desktop for Windows to handle the books for a 12-unit property I just closed on.

I thought of this because recently was looking at a property to purchase that had a tenant commit suicide.

House under contract, two weeks to commit. 

Hello Everyone,My name is Mark Horn, I am committed to achieving financial freedom in the next decade, through rental income and real estate investment. 

@Cole Hagen my feedback would be: 1) don't commit income tax fraud by purposefully under-reporting your income, I may be wrong, but I'm pretty sure the IRS rule is that other/misc. income in excess of $600 must be reported, and 2) if you ignore 1) and do chose to not report it, it's probably not a great idea to post about the fact that you're considering doing so on a site where you have your full name posted, how easy would it be for a Google search to turn that info up or for someone to report you to the IRS based on this post?