However, based on my observations I would certainly say that any of the areas mentioned make for solid investments.  

If I move forward with this deal, I would like to be as involved in the day-to-day management (or at least observe so I don't cause my uncle unneeded hassle) to get a better idea of what managing this property might be like. 

In addition to the contacts Harry sends you, I would look also call the Customer Service center (you may be on hold for 15-20 minutes) and ask someone to see where in the process your file is.My observation has been that Sage is VERY segmented and relies on specific "email queues" and "file name conventions" to trigger each step of a long process.

My experience with real estate is observing my aunt who is a real estate agent that inspires me to become my own boss and understand that what you put in is what you get out.

The observation that you should collect first, last and in your case a deposit at lease signing is proving to be true in this case.

We have been told by liability insurance reps over and over that we are "observers" who "observe" the work, NOT "inspectors" who "inspect" it.

I wrote an article about some of the MLS flips I've observed here as a real estate agent. http://www.hoodhomesblog.com/investing/blog/who-sa...Again, those are just deals that came off the MLS.My experience working with investors in our area is that they have a hard time overcoming the initial frustrations of selling in our market - unlike the rest of Texas it seems, we are a buyers market where you can expect 6 weeks to close, pay the buyer's closing costs, title, survey and a generous option period.  

This will give you some good basics.Additionally, I have put together a blog post with some of my observations that may help new members.

The real inflation rate, according to my observation, is about that level.

If your income stays the same, but the market spikes and value goes up- your cap rate goes down right?  Kinda weird.