I know a common practice (at least for syndications), is to create a separate LLC for the property and then raise capital once the deal is already under contract.

@Jose Mejia I assume this property was purchased under an LLC.

Also make sure to have owners add you to their property insurance policies, so you have liability protection. 

My father did this in Portland on two properties, for elderly people I think. 

The tenant wants to stay another 2 years.My other adult properties have often had long-term tenants.

Why hasn't your property manager already answered this question?

On a 320k property Ill be paying 9k annually. 

We put a sign on every property to: attract tenants, create brand awareness, and to help prevent scammers from using our properties as bait. 

Hi all, I am looking into buying my first rental property.

@Venka Pulla It’s frustrating when a property manager isn’t meeting expectations, but transitioning to a new property manager is typically straightforward if you follow a few steps:Review the Management Agreement: Carefully read your current Property Management Agreement (PMA) to understand the termination process, including any required notice period.