Broker Requirement: It seems like becoming a broker may be necessary to obtain a property management license.

I am not sure how other will take this, however in my experience a property management company has an specific job for a very little portion of the pie, which means that they need to assure that they are not liable (of course, I wouldn't sign a contract when they are no liable even for their own error, that seems to be a red flag).You have to understand what is the service that a PM jobs, in here we were comparing with Verizon, but I agree that this is different, however you can compare it with an assitant or a fractional operation manager, as that is their main job to do, and that is the work that they are taking from your shoulders.Another thing to review is what happen when the property goes vacant, are they providing another listing contract or are this also included into the PM agreement?

The yearly renewals are actually pretty common but charging even when vacant seems wrong, should be incentivized to keep units occupied.

Some tenants are clever and come up with difficult seemingly unsolvable problems. 

Even though it seems overwhelming, take the plunge and make your first investment.

NJ is tenant friendly, so she timed it well where the eviction process would've taken until the lease ending anyway.Her lease was up 3/31 - I was able to get her keys and change locks at 12:30am 4/1.After gaining access to the property, it seems like she has 90% of her belongings still there. 

Seems the best options are going to be aggressively attack my principle to increase equity so that i can open up a HELOC to put a down payment on another home (a way better deal) in order to rent it out and use the passive income to add to my paying down my mortgage before doing a rate-term refinance to prepare my home to cash flow when I’m ready to rent it out. 

Padsplit seems really interesting.

I have also used Zillow and received multiple applications through there, which seems to be a reliable resource.

Sounds like a hard money lender that wants to take a property from you when you default.There's a lot of issues here starting with a guy that will loan you money and once it gets difficult wants you to abandon ship- red flag.There are a lot of unknowns here but trying to dump it seems like a 100% guarantee to lose money.