The translation to this in real estate would be, a highest performer of a brokerage, (after learning the ropes and killing it),then creates their own brokerage.

Your PM will create new challenges for you that you will have to face. 

I’m aware that thousands of notes with their corresponding Mortgages/DOT’s are packaged up and as a whole create an MBS (mortgage backed security).

The thought is creating passive flowing income now so I can be work optional in about 6 years or so.

This creates a negative initial position.

However, he asked me to sign a one-year Exclusive Right to Represent agreement, as presented to him by his brokerage.His interpretation is that it applies only when he materially assists me, but I think the boilerplate brokerage language he was given reads much more broadly:"If during the term of this Agreement Buyer enters into a contract for the purchase of Property through the services or efforts of the Broker or Buyer’s Brokerage Firm, or by or through any other persons during the term of this Agreement" (emphasis mine).My concern is that, under my interpretation, if a fellow real estate investor wants to unload a property or if I get pointed to an opportunity by a former agent, colleague, or friend, this agreement could create an obstacle to moving forward with the deal.In the end, I didn’t sign.

Unless new companies move into the city and create replacement jobs, all that will remain are lower-paying service sector jobs.

My father-in-law is also considering creating an HOA and selling each unit as a condo for $350k which would be $2.1M.

Has anyone come across their property management company creating a "First right of refusal program" for maintenance requests? 

Communication good or bad goes along way to keeping investors from being upset to going ballistic on the internet and creating irreparable harm to the syndicators reputations.