While he’s definitely a self-made guru, he comes across as someone who genuinely wants to do the right thing when you speak with him.I understand many of you have had frustrating experiences and feel let down by the system, and I’m truly sorry to hear that.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

If the people running it are self serving, that will show too.Based the on the leadership or lack thereof, REIAs may be sales oriented, education oriented, a nest for sharks, or someones personal ego outlet.

If you're trying to save money or learn by self managing that is fine... but then you have to deal with this type of thing.

Everyone will tell you it’s great to get started early, or you can just move after a year, but in the current environment in our region the rent your property will generate after you move out will likely be less than your mortgage, if you are tied to the area and feel confident you want to stay in whatever property you buy for 3-5 years go for it, if you want flexibility rent and throw that money into and index fund. 

Start by reading Rich Dad Poor Dad and Set for Life to shift your mindset, and remember that your first deal or breakthrough networking moment will boost your confidence.

They do everything from apartments to mixed-use to self-storage.

If it’s a structured settlement and you aren’t getting a lump lum, you could contribute some of that to a Roth or Traditional IRA each year, or if you are self employed even more to a SEP IRA.Also what’s your short term, mid term and long term objectives?

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

Self managing C class units can be very deceiving.