Quote from @Duarte Marques: Hey BP community, I'm new to real estate investing and have been studying (reading books, watching webinars, constructing excel cash flow models,...) close to a year.

With out reading th contract I can't know if it is legal but it sounds like they created a situation where they have to be the manger.  

Thanks for reading!

First time reading this term. 

I’m not sure how many of the previous responders read your post because they didn’t even ask obvious question number ONE….1) How much of a capital gain will you have?

I started listening to the podcast and reading real estate books about two months ago, and I’m excited to take my first step into real estate investing.I’m currently in Spokane, WA, and I’m pre-approved for a loan.

_______________________________________________________________________________Recommend 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.

He has paid dependably, but last night he read my message and has not responded to the renewal.

I would suggest getting Dave Ramsey's book called The Total Money Makeover and read that.

I've read a lot about house rules and there seems to be two paths - only posting simplified/abbreviated rules on the respective OTA, or having more detailed rules sent out and approved.