This also leads owners to ASSUME simpler is better when it comes to management contracts.

It depends on what the terms of your mortgage are.Pros-with no mortgage, you have higher cash flow.Cons-if you plan on buying more properties, you are better off saving the money for a down payment for your next place.The big questions are: can you get higher than 7% return if you invest that money elsewhere? 

If you have the legal right to terminate, it would be a better option.

I've been doing some research on multi-family properties and trying to get a grasp on trends.

I would consider getting out of property management and getting into cleaning IF you think they are doing better than you . 

Even if you all used the same app, your insight and experience allows you to make a better offer.Personally I would probably still use a spreadsheet just because you can customize it easily and it can do more if you need it.

Every property will bring its own lessons, so just be ready to roll with the punches and use what you learn to make your next investment even better.

HI, Is opening a LOC on my primary a good option to fund flips or is there a better solution to get the funding?

Hope it was a great day and an even better year. from: Fellow EXP agent located in TEXAS! 

If he wants to make a deal you better get 5 percent due diligence money up front.