Your broker won't allow you to do property management because a) he/she doesn't want the added liability of property management and/or b) his/her E/O insurance does not have an endorsement for property management.A lot of brokers don't want anything to do with property management because they perceive it as more risky than sales.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!

E.

For that matter, Plan C, D, and E would probably be a good idea as well. 

Its a 2 bed 1 bath in the better part of V&E and should rent pretty high in that category.  

Real Estate Rewind Starting overhttp://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-bookGood Luck e legacyPaul 

I'm currently reading The E-Myth Revisited (Why Most Small Businesses Don't Work, and What To Do About It), and it's been an incredibly insightful read so far.

I've been poking around the reading list (and of course read the free E-book), but I'm still looking for some more concrete guides to determining the value of REI specific to our situation.

turbo tax is designed for someone who owns maybe one or two conventual rentals and can not handle complex transaction like option contracts, because your asset is actually the contract itself which would normally be reported on schedule D and it sounds like your trying to treat as a rental property on schedule E.  

If that was a 200k loan lets say and they have 20 or 30 investors into one loan.. that's a lot of personal e mails that need to go out. and or fielding the inquiries as they come in.. they probably need to outsource this to india call centers  LOL.. but a premtive e mail as stated would probably keep folks calm.