Instead of finding a job, the tenant cashed his grandmother's bonds and goes out to casinos and strip clubs every weekend, he verbally told me this.

Buying physical assets is unlikely to lose principal unless you're over leveraged...To me, the control is more valuable with direct investments, passive investments are for later in my career.

I will tell you that the GC portion, if he is working physically on the jobs, scheduling subs, and project management, is much more physically and mentally demanding than the business side of the deal  (real estate/ marketing/legal).

@Anson Giden You forgot to mention the Casino as an employer in Shelbyville!

For the purposes of this section, a tenant shall be deemed to have relinquished possession of the premises upon any of the following:(1) Execution of an order of possession in favor of the landlord.(2) If the tenant has physically vacated the premises, removal of substantially all personal property and the providing of a forwarding address or written notice stating that the tenant has vacated the premises.

I’m in the location I wish to invest in so I can physically look at the properties.

Also, I will not be able to physically look at the house for at least the next two months so I can't confirm the state of the property although it appears to be in good condition from the pictures.

Best course, IMO, would be to buy one cash, then refinance it later if need be.Last thing to consider is the physical condition of these properties.

The new ~660 acres of land picked up by 4-5 big developers in Super North Vegas is like a good HOUR from civilization (aka strip / airport / DTS / any respectable casino...)I just can't imagine the current condos and townhomes out here someday being worth $400k/$600k+ like the major cities out there.

Is there a reason you need physical branches and if so what is it?