This also leads owners to ASSUME simpler is better when it comes to management contracts.

Does anybody have any advice on this subject, anything I should watch out for, is a lawyer necessary, does everyone have to sign the deed, or is it a straightforward process I can do myself?

Can i do this hypothetical?

How can I pull the equity out of this building?

Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well.

I can give you the contact information of the sales person who got my the deal.

There's one that's been on the market pushing 90 days, several pushing 60 days.SO, YOU'RE NOT THE ONLY ONE FACING THIS!

Your losses even depend on number of things like the basis of your earlier property, any additional capex required like HVAC or major repairs, output of cost segregation studies, etc.

This is NOT to pile on as hindsight is 20/20, but maybe some one else reading this will see this and avoid this same mistake. 

For this reason and to be able to scale my portfolio, I’ve started looking out of my market.