If he continues this behavior I'd say his presence with your company is more of a liability than an asset.

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I have about 30 properties there. i have a presence from Lake county Il to MIlwuakee.  

For example - Boulder is very left wing liberal, while Colorado Springs has a strong military presence and a lot of churches and so is much more conservative.

I would use a SBA 5 loan to purchase with 20% down.Currently the only advertising for the facility is a sign that hangs on the back of it, no internet or social media presence and it operates at 85-90% occupancy according to the seller with minimal advertising besides the hanging banner, and the numbers for rents seem pretty solid with room to increase and add some value.

Doing Business was historically a physical presence test and has nothing to do with where you are registered - this is starting to change to more of a market based approach to pull in service providers, but physical presence nearly always can trigger a filing requirement unless you are excused under PL 86-272 - never the case for a real estate project.

With technology at our fingertips, I knew I could asset manage from afar, but wanted to make sure my property manager already had a presence in Wichita Falls and preferably had an office in Dallas.

Forgive my ignorance, but why is the presence of the manhole cover that much of a problem?

So, I would inspect the wiring and system to verify the presence of the ground first.Many older homes with 2-prong receptacle devices are indeed grounded systems.

Lots of Navy presence (and healthcare) there.