It has become clear to me that while I don't need my hand held, frequent  communication with the PM is a necessity.

I just never spend money on things that are not necessities.

The only reason they don't is that there aren't enough votes out there to bother.We'll be much better off when people realize that PM's and RE Investors ARE allies, but they must, by necessity, look out for their own self interests.  

I am under the assumption that the bank would base the necessity of down payment for a new loan on purchase price, while a refinance would be based on current value.  

I equate it to the necessity for one to 'be the parent.'

I only foreclose if I've xferred the deed in a sale;  lease option avoids that necessity, at least in theory, but some buyers are reluctant  to buy under option for various reasons, some being they worry or don't trust they'll get the deed at the end,miss out on some tax deductions if they're not owner, etc.Having a cancellation clause in a lease for the option in case of default sounds good, but by making reference to another contract in one contract,could be perceived as tying them together, negating any perceived initial benefit of having separate contracts.

What things are necessities in a rental property for you to even consider it "rentable"?

To do so, Ive found, is a necessity......As a result of increasing demand from others that i manage their properties, I have begun to do so on a limited basis, I  still have room to add others, and would be happy to speak to you if interested. 

Since you're overseas, it'll be a necessity that you can communicate via e-mail and skype, as well as to digitally sign paperwork during the process.Best of luck!

Even if his dad lost the property he should still be able to get an easement by necessity to allow access to the property.