Before purchasing a rental property carefully evaluate the appreciation potential.

If that investor hadn't planned it carefully and re-invested that money into the property or even the purchase of another then a recapture fee would hit them hard. 

Care to share the details?

With small multi-family, be careful with the neighborhoods in Indy as it is very street by street in some areas.

We cash flow on the property about $140 a month and the tenant buyer takes care of the repairs.

Conventional 20% down.

If they are the 3M version and you are slow and careful on the pull off, they usually release but not always.

The main challenge was timing the listing perfectly, but with careful planning, we ensured a swift sale.

@Robert Zajac pretty sure BRB charges less than an 8% management fee, so just as @Nathan Gesner states, they are making up for being below the "industry standards" by charging more elsewhere.BE CAREFUL about PMCs that claim they don't charge a markup on maintenance - TIME IS ALWAYS MONEY!

.)• NNN - purchase triple net lease opportunity (1031 everything into it, managed under trust, tenant takes care of everything) • Sell each off the normal way (even spreading out one a year, heavy tax implications and truly diminishes decades of work.) • Give/donate each away-----I expect many here have already been through similar dilemmas and interested in experiences, lessons learned.