Ask lots of questions, read as much as you can, and then ask even more questions.

Half of the PM's down here can't read contracts, don't know how to inspect a property for damage, etc. - they just use whatever contractor is giving them the most free stuff at the time.  

The previous owner took exceedingly good care of the building and there was nothing that need to be done except to raise the rents.

After reading back through the contract it states the contractor isn't responsible for rocks, trees, driveways, or utility lines.

I also heard Brett Immel was still doing business in Iowa, though I read an article that says he has been busted for lying during a bankruptcy hearing and may go to prison for 5 years.Would it make sense to contact the S.E.C.?

You’re in a solid position with this property, and it’s smart to weigh your options carefully.

Look up HB 4058 for anyone who wants to read up on this. 3.

STOP READING BOOKS, I say this 100xs a week :)  ITS ALL about numbers, that's it!!

- Go look carefully at the numbers and you'll see this.If you could acquire more rentals and they threw off $500 profit each/monthly, how many would you need to make a living?

So, you still need to be careful:)