We feel this will lead to peace of mind for everyone involved."

They get peace of mind knowing their client is going to a professional and not an amateur PM.

If the tenants are truly that loud, the other tenant could call the police for disturbing the peace if they wanted to.  

This structure is not cheap to setup initially, and the annual admin costs are substantial, however gives peace of mind that it offers the ultimate liability protection and most efficient tax structure. 

Take the Dave Ramsey Financial Peace University course or something similar.

Even with a well-maintained home, routine issues can pop up unexpectedly, and it might be challenging to coordinate repairs or address tenant concerns from a distance, especially if there's a significant time difference.While the 7% to 10% fee for a property manager can seem like an unnecessary expense, it can provide peace of mind, especially if you won't be readily available.

For the sake of the product that you all want to massage baby oil all over and take to the beach on a nice summer's day, sipping a Mai Tai, and of course, crushing real estate on an app, just let this thread rest in peace.

My question is, should I pay-off my primary residence mortgage to 1)Get peace of mind and some sort of security 2)Opportunity to borrow from my equity if needed 3) Extra cashflow to save and invest in another rental property in the future OR should I keep my primary residence mortgage (due to the low interest rate) and purchase another rental property instead?

This can be a huge time and cost saver, especially if you’re managing the property remotely or using property management.Energy Efficiency: New buildings are generally more energy-efficient, which can be a selling point for tenants and lower operating costs for you.Builder Warranties: Many new builds come with warranties, providing some peace of mind for unexpected issues within the first few years.3.

This gives the owner client peace of mind as well as some protection.Non-humble self promotion: I own and operate Blue Door Residential Property Management (and am fully licensed) and would be happy to talk about your needs if you want to shoot me a PM.