Other things to take into consideration are that PM companies will generally charge a leasing fee of 1/2 to 1 months rent and often charge some type of releasing fee annually as well which really eats away at profits. 

I feel like the common theme is “take advantage now.”My thought though as I was eating a bowl of Captain Crunch this morning was...If I bought another property today with plans to sell in the future.

As far as a path forward, it’s a classic chicken or egg.

You’d have to decide for yourself if you want to manage the property remotely yourself (totally doable, but a bit more work) and make a higher return OR if you want to outsource the management altogether to a 3rd party and not have that hassle (you’d typically pay as much as 25%, which would likely eat up most of the profit). - Lastly, as far as the actual property goes, what I usually recommend is to setup an alert on Zillow or Redfin for the type of property you’re looking for and just monitor new listings as they come in.

And that can definitely eat into your year-long returns on a rental property.

Sales desc: Clean remodeled Longford home located in quiet modest neighborhood with a bright oversized eat-in kitchen - all new Stainless Steel appliances!

Sales desc: Clean remodeled Longford home located in quiet modest neighborhood with a bright oversized eat-in kitchen - all new Stainless Steel appliances!

LLC's are expensive to operate, so most people buy a 100k house and think they need an LLC for asset protection... the LLC will eat up all the potential profit! 

From a buyers standpoint, don't get attached and put all your eggs into a basket trying to purchase a particular short sale.

But if he didn’t break the law because he is slicker then an oil spill hopefully in the future beginning investors will look to cooler heads to handle their money.I think it's the standard, "you promised me 15%/year and I'm only getting 9%/year" sort of thing.I'm sure he's got disclosures all over the place and being a qualified investor probably raises the bar for making a claim, but, hey, lawyer's gotta eat too!!!