As I write this I'm contemplating how to write up an offer on this 4 unit apt in a subdivision of apt. alike its a foreclosure asking price 62k this would be the perfect opportunity to JV with some one. my credit in low 600 range only time can help that now.

For those contemplating alternate investments, I highly recommend considering hard money lending.

Also, we have contemplated paying his father in law hourly plus a small percentage (10%) of the profit.

Hi @Bryan Templin, as a property manager myself here in Connecticut, let me try to provide some insight - I think for those who are contemplating handing off their properties to a manager it is because they are usually A) moving or B) want to be hands off.

I was contemplating about starting off with another internship before going full time since experience is something I'm lacking in commercial real estates.

contemplating retirement? 

We're contemplating on if the market is right to sell it or would it be better to rent it out?

I am contemplating a buy and hold deal in Hunterdon County vs one in Mercer County.

And there's more..I will never become an agent if they ever do change the laws who gives a sh*t I have a private lender, by the time they change laws I'll probably be contemplating retirement. 

I was more interested in getting an opinion of what the time frame I should be contemplating on holding the property and if there are calculations that would help make my decision easier.