We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Certainly consuming information via different sources (books/podcasts/etc.) is important but also taking action on those things you learn.  

My question is why was this not corrected years ago if it was so important,  and now they want the new owmers to fix it? 

If you read my previous post, I emphasized the importance of showing up for the right keywords.

It's also very important to know the wants/needs/position of your buying audience.I find that buyers are much more willing to get into a bidding war, and over bid on a property as opposed to paying their buyers agent.

@Lamar AthillWhen it comes to Wholesaling it is important to understand that it actually revolves more about marketing then actual "Real estate-ing"you market for off-market sellers while market for buyers to get that spread.It is relatively easy to get into the field, but takes a bit of work to make it sustainable on an ongoing basis.I would say the first thing is to really understand the buyer criteria your markets and what houses are desirable and point your efforts there.

Before you move ahead is there a particular reason why having this commercial space is important to the project or are you building this design because that's what the zoning requires?

Verifying last 2 years of rental history very important!

That sets the tone for learning about the future.All the advice here (and there are great insights) will not substitute going out and getting a deal.if you are serious about a future in RE, you will learn from your mistakes in your first deal and you will use those mistakes to help you in your second deal and so forth.Most importantly you will if you enjoy the journey of RE investing.

All of this information would be important for an underwriter when considering a rural property.