owner to owner ( No agent involved) - Do you recommend, it helps save money....

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

The mere fact he is involving his Ira and has post closing plans suggests he is getting some benefit already. 

@George BrutonThink this situation is a bit tricky and off the books since he's a friend of a friend who wants to build trust and get me involved in the business. 

I'm looking forward to getting involved and plan on attending BP meet ups in our area and possibly our local REIA meetings as well.  

I just don't want to get involved in the game of supplicating to the tenant by offering to excuse the rent for the key.

That is your best bet or delaying closing by 15 days to make sure the unit is vacant.

There used to be a President there, and he was signing on clients with the promise of being "personally involved in the complete transition".

I hedged my bets that the property would hopefully go up since the Arizona market had been so badly beaten up and that the location was so strategically located to a very popular campus ( Arizona State University) and there was speculation that they would be building the Cubs Spring Training facility across the street ( lucky for me they built this 100 million dollar facility)..

You think it's about to go crazy and double to $40.We both place our bets.