Both Agent and ownermay cancel this Management Agreement by giving both Agent and Owner a sixty (60) day written notice prior to the end date of the Agreement.The management fees associated with the initial (12) month Agreement and any successive terms must be fulfilled regardless of when managementservices actually terminate.

When trying to rinse and repeat after the 12 months are up on the firsts property, are there any distance requirements the 2nd property needs to be from the 1st when buying  the second property using the 5% down after fulfilling the 12 month occupancy requirement on the first?

You're going to need to live in the property to fulfill your obligations. 

We were college roommates and life long friends.

The Appraiser's responsibilities are with their Client.I've fulfilled my public service duty and will end with this post.

@Clarence JonesAfter graduating from college, beginning a real estate investing career may lead to financial security and a fulfilling experience.

Seller is still 'legal owner' until it is paid off and the fulfillment deed is recorded, but in the meantime,  buyer is on title so can sell, refi, etc no problem.   

There's no point in making their lives miserable and forcing them to fulfill the lease.

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties.

Also, the higher costs are also attributable to a lifelong benefit over that of a temporary (20-30 year term).