They have to take it out within 10 years, add it to their regular income, and pay taxes at the highest bracket in their life.

I would shoot him regular updates to keep him in the loop.

It usually takes a quarter of the time to manage a lease option property versus a regular rental.  

I get rid of bad tenants regularly and have never paid any of them to leave.

Regular maintenance updates from your property manager—such as quarterly reports outlining requests, costs, and resolutions—can also help you stay informed and track spending trends over time.Building relationships with local contractors or networking with other investors in Cleveland can also be valuable.

I have been part of a regular meetup for a couple years now and it definitely helps ground you in your local market.

Most of the buyers are just regular folks looking for a home, so they are not at all thinking about cap rates. 

It seems like location would be especially critical with pad-split (and similar systems), but I’d love to hear your thoughts on what to watch out for in terms of zoning, safety, or demand.Also, I’ve traditionally rented out units the regular way, so I’m curious how screening tenants works for you with the pad-split (and similar) model.

The participation must be regular, continuous, and substantial as defined by the IRS.

No coaching program, called multifamily brokers in my areas, have a regular job, and have 3rd party PM.