My frind in Omaha ended up picking up his second property sooner than he expected, simply because he’d built a small name for himself with one successful deal already under his belt.Are you feeling confident about the day-to-day responsibilities, or is there something else in the process that’s keeping you up at night?

The property manager may have some interest in your success (if you get a good one) simply because they are making the most consistently - 1st months rent plus 10%/month.

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There could be some kind of buyout after five years or something like that, but if I was able to get a large chunk of my money out of the deal I would have no reason to sell it as it would simply be another cash flowing, appreciating property at which I could also vacation.

Some buy to park money, others do 1031 exchanges or they simply buy them for a tax write-off. 

My goal of refinancing was simply lowering our monthly spending to reallocate towards future investments.

It looks like Privy is a great tool for identifying investment properties by using up to date MLS data.

NOPE I simply do not believe that is the case personally..   

I'm trying to make a decision between the two and I wonder if it simply depends on which rep employee you are assigned to in each business, and their experience. 

If your contract states that "time is of the essence", you could have forfeited your right to break the contract and get your EMD back simply by not adhering to the dates specified in the contract.