However, ensure you understand the local tax structure and any potential future changes.Economic Dependence: While Albuquerque has a diversified economy, it's worth noting that government and military jobs play a significant role.

Creative Financing" can mean a lot of different things depending on who you're talking with. 

Depending on the location and the city, these could take a long time.

In any case, I thing your investment are pretty solid and should earn you something between a decent return all the way to a spectacular return depending on the local economic situation.  

It all depends on your location and service.

This depends on the details. 

Depending on how far values decline is the difference between a partial loss and total loss. in essence its the same position of those who make second loans behind the first or third position when pref goes in front of you..

For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.

Depending on your practice size and income level, you may just want to start with maxing out 401k and also adopting a defined benefit plan before committing to becoming a lifelong real estate investor.  

It all depends on the work you/your clients want to do to create value and the overall game plan.