Thank you for explaining...For clarity to other Bigger Pocket members, I spoke with a property manager that only manages Arizona properties.

Doesn't explain anything!

Explain your concerns about the property sale and the lack of communication.

But it's worth asking the bank (you will need to explain why the appraisal is garbage very persuasively).3) Refinance with another bank.

Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

Also, explain how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

This explains what is wrong.

It always makes me cringe when I have a brand new (zero properties) "real estate investor" on the phone explaining to me how they "underwrite deals"..Be authentic people, everyone can see through it. 

It explains why they are usually in the lowest barrier space within the industry (until recently not even a license was required & many still operate illegally).As a Philadelphia resident and active investor in the city I fully endorse investing in Philadelphia but only if you’re receiving sound advice. 

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.