I have a few different property managers my clients use.

I am getting this loan at 5% int and paying down principal and interest on each payment.

PMCs are a big target for lawsuits, even from their owner clients!

Also, the opportunity cost of leaving the property vacant for a year while paying a mortgage on it and not receiving rental income is much higher than what the marginal difference in rate will cost you until you cashout refi it.

You'll have to pay tax in the US as well.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Expect to pay north of 8.5% on the rate and to be capped at 70 or 75% CLTV. 

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Question for Real Estate Agents:  At what point/after how much interaction with a prospective client, do you assume you have an unspoken agreement to work together? 

I’d probably try to pay asap before late fees pile up and they foreclose on the property.