Never going to work with those people because they're either not serious, don't pay attention to details, they're sketchy, or all of the above.And if they don't have one or refuse to give it to you (never had that happen yet), they're not worth your time.THEN go after deals, negotiate them over the phone and when they say "Yes", call up that attorney and send them a retainer.If you don't have the money for a retainer, call the buyer and ask them to have their attorney to draw up a contract in which the buyer pays the attorney fees and retainers for this first deal and takes it out of your part of the deal.Hope all of this helps.

You may purchase with the new PM and even retain management with the new PM but I cannot see that making you want to switch your portfolio from one to the other.Although, I think that there is some value there and it could be a good start to a relationship.

A sub par PM will want to retain this clause to keep you handcuffed to them or pick your pocket on the way out when you discover they are no good. 

I'd advise retaining an attorney who's skill in drafting private placement memorandums, operating agreements, and subscription agreements.I'd just talk to people who are propsective investors about what you're working on.  

If you are not a lawyer or have one on retainer, this situation is not for you.

I have property here I will retain.

I'll still get the ebook for the text to refer to because it's just my thing to collect the ebook versions and I still like to read to learn and helps me retain it more.  

There are also advantages to you retaining ownership instead of providing the financing.

@Xiaofei Chang  Selling or retaining depends on what your short/long term goals are.  

Additionally, if you have it in an entity, make sure that the person with the better credit score retains majority ownership, as he is who will be guarantor.