It's FREE and a lot of people, including tenants searching for a home, come through this site to find what they're looking forScreen and select qualified tenantHost an open house personallyHave application forms ready with requirements, what's going to happen in the screening process, and the qualities you expect from your tenantsAvoid fair housing problemsLease-Up the tenantSet and collect the rentImplement day-to-day operationsHave a handyman you can trust and who will get the job done in a timely mannerGet things done in order to keep your business running smoothly (rent, taxes, mortgage, maintenance, etc.)Know how to renew leases AND how to deliver termination letters and deal with evictionIf they're a good tenant and you're a great landlord, your tenants will have no problem renewing a new lease period with youIf they're not a good tenant and start missing payments and etc use your current relationship with them to reason out a solution.

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I have research a lot of houses before finally deciding on the particular property that I selected.

I would think one quality agent sleuth would be more effective, a lot easier to manage (and be more fair to them) than 2 brokers and 2 agents.  

With apartments you must have a strategy to bring and keep rents at market and reduce expenses and a manager/company who understands and is capable of executing that strategy effectively. 

The refinancing of loans would help but with a 1.5 yr timeline to pay the loans off the effect wouldn't be too material correct?

I'm finding it difficult to find loans geared towards rental property investments, as I bank with a larger institutional bank and they are fairly selective in what they'll lend to.

In fact, here's a recent article where NAR is quoted as saying "like-kind exchange transactions are fundamental to the real estate investment sector, and repealing the tax provision would have negative effects across real estate markets and the industry".I'd say don't worry about them going away any time soon.

Both daughters held title until 2005 and transfered property into the mothers name so she could get a reverse mortgage.The mothers will, which was recognized by the court, gives the property back to the 2 daughters after her death.The problem:The husband, the person still living in the property, is claiming ownership and refusing to let the daughters into the property to collect their mothers person effects.

They will know the exact price the market will bear and screen and select tenants for a living.This could be a short term solution to reduce stress and get stability.Then long term you and or your sister could get a chance to learn more about the property management and landlording process.