However, evaluating your sentiment (and your wife's) on that will be important. 

Commercial Revenue Generating properties like office buildings, apartment buildings, retail centers, etc (banks call it "CRE" lending) are typically evaluated from their net operating income, not gross.

That's $1680 per year for QBO, plus my Bookeeper at another $500 a month to log monthly statements, break down loan payments, and reconcile.

Secondly, calendar and email functions/apps on computers and smartphones provide great records and a log.

Evaluate from pictures the differences between the comps and what you are offering.

The cash on cash return is only meaningful when you evaluate it based on your long term plans.

You just need an LLC of of a state that doesn't disclose, that owns the LLC that will own the property.What I recommend, for any asset you buy in any location, especially fo an A Class asset that will likely have little to no cash flow, is that you evaluate your potential CapEx expenses effectively.

I was told it may take a six weeks to evaluate whether the application was approved, so minimum 2 month vacancy and not even guaranteed at that point.2.

I would also be keeping a log of any incidents that give rise to new custody issues.

I'm currently in single family homes and apartment buildings in central and west Texas but have been evaluating a few residential assisted living homes + business / license to purchase in Austin and San Antonio.