Hi Gustavo, You can reduce the PPP or buy it out entirely. 

Buying 5 single family homes is likely going to be a lot of work and there are other assets that cash flow better and are more liquid.He also has the ability to 1031 his equity into passive investments (which is a common strategy for property owners who are retiring).  

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Investment Info:Single-family residence buy & hold investment.

Buying homes and duplexes 

This would be my very first rental.I have an opportunity to buy a house from an old neighbor for $425k.

Looking at buying my next multifamily in the next several months.

Please don't buy PIN5.Im switching to Propstream for my business.

I bought my first rental property around my 18th birthday and also got my real estate license around then (all while going to college, trust me it was a little busy).I kept busy buying properties while I was going to college (UWSP).

I was thinking having extra saved would help as well.