Some time period later you want to sell that property to another investor while still under terms with the original seller.

The cashflow was not as high as they advertised and they do take a $5,000 fee.

My numbers may not be spot on, but assuming:Sale price of $469k (6% agent fees), basis of $264k, Total deprecation taken $24,600 (adjusted basis $239.4k).

You will pay origination points twice but rates are expected to be lower by then as well so it could be worth it.

Originally posted by @William Willis:You state:  You stated:  "Mr.

Keeping the PM in-house through your turnkey provider is the safest option moving forward IMO.At the end of the day, they have your best interests at heart and want to do their best to deliver in real life the returns promised to you on paper.The grass isn't never greener on the other side and for another PM company you will just be a number and they will look at margin and making as much profit is as possible from each client.In-house PM through your trusted turnkey property is offers a different approach and in many instances comes with a reduction in misc fee's and costs.Just my opinion and wishing you much success

In the interim, be sure to hit them for every late fee, etc., allowed by the lease. 

Originally posted by @Ed Emmons:Sounds more like a question for a CPA group where you can share new ideas but most people here have limited experience even in real estate.

I'm not sure of the regs but I moved some money from my Trad IRA and Roth to SDIRA's years ago.The fees are largely based on transactions not asset value. 

Originally posted by @Kristoffer Tier:....and are there any legal restraints that I should be aware of before pursuing this niche?