The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.7.

Needless to say, I pressed her to figure it out and we closed on property #5 in Aug 2018.It was then that I got on BP, researched my current PM’s company, and connected with a few people that also used this PM company and they all told me to run (I’ve used them since 2006, still do, and had minimal trouble but I knew this broker wasn’t going to get me to my goals).Finding the perfect Broker and Property ManagerBack in Germany, I knew I needed to find a broker who also did property management.

My goal is to have 20k to invest and to be safe I want an extra 5k to have a backup in case of unplanned costs due to inexperience in the buying process, having vacancy the first months, etc...Question 1: Does it make sense to minimize my 401k contribution to nearly nothing to speed up my savings for REI?

If the numbers work is there any other indicators that would make it a bad deal?

I am stabilizing my newly purchase properties atm and have elected to do it one at a time to increase the rent roll because they're so terribly low but am keeping my other buildings as is to minimize vacancy and stress level. 

Ask the bank to check out the account he wants you to wire to indicating you suspect it could be a scam.

The fundamentals indicate that this may be the case through this pandemic, though certainly there will be deals from burnt-out owners. 

Rents would seem to indicate it's possibly a short term rental.

@Austin WallisI have a lot of similar questions and from what I’ve been looking into and talking with my Dad about this is that the contracts and terminology are extremely important in order to make sure you can minimize your risk and have an exit strategy in case you need to get out of the contract.

The good news is, you can sell this vehicle and get a minimal problem one for about $5k and carry on with bigger goals.