Only you can tell if this is a good deal, and if you don't know, I would suggest you pull back and better define your retirement goals, which will influence your investing goals, which will determine your buying criteria.

It's a great primer on several aspects of funding big deals.

Go to a REIA meeting and learn what others do, ask them about all aspects of their business (what they do, what their vendors do, what their investors do, etc.)

In my area, law students and housing authorities send "actors" out to walk properties and fill out applications in order to see who violates these laws and they file hefty fines regularly.The benefit of defining your criteria is that it makes it really easy to decide who you rent to, no more comparing applicants. 

Drills down to identify client needs/wants2. honest comm about if they are realistic in this market3. responsive4. well rounded in all aspects of RE, Mortg, ins, RE, Const, title, etc..5.

The tenant has been there for quite a few years and has broken so many aspects of their lease I lost count.

Or maybe state or local gvmt. that defines this? 

This was primarily done so I could have more control over my own career/earnings, but I retained every aspect of the company (including it's 4 employees) and re-branded with a new name and mission as she was a great appraiser but not much of a businesswoman.I didn't have the liquid assets to buy the business outright, and it was a bit wonky in the math anyway since I was a top producer, my gross earnings couldn't really be factored in to the totals as I would have made that anywhere.

Thanks for the links I will definately take a look at those.

You have to check every aspect of their business just like you check every aspect of a tenant application.You can start by going to www.narpm.org and search their directory of managers.