If there was a demand from the city for "relocation fees", that sounds like they are saying the unit is not habitable and they are removing the tenant / terminating the lease.

It is not impossible, but building a team that can communicate effectively is going to be key to getting this one done.Good luck!

I invest in CRE  Sounds good, sent you a text and looking forward to connecting @Jordan Moorhead

Instead of denying them, can we refer them directly over to the owner for them to sign a lease with the owner who is willing to effectively manage the contract, payment and relationship BUT would still want to retain us (albeit for a lower fee) to deliver ONLY guest and property care activities (guest communications, organizing cleaning, lawn and pool care etc). 

Sounds great!

If you can stomach losing it, you sound like you will be ok eventually.

Active Income - Passive income, from rental real estate, is not subject to high effective tax rates.

Not my first rodeo, but Matt's advice helped me negotiate with the seller much more effectively.

On the podcast David keeps saying that house hacking is the easiest way to build wealth through real estate, advising to add one property each year paying 5% down.I'm theory it sounds great but in reality assuming you buy a property in the 500k range, there's no way you'll be able to make it cash flow which makes it hard if not impossible to actually scale and do this every year or two.What are your thoughts?

Hey Joseph - it sounds like you're already off to a great start!