I can ride out any downturn. 

By breaking these systems down you will quickly get up to speed on costs and you can find select subs to do the work while you ride supervisor over any work you can't handle yourself.

Now, ride the wave while you're still on a high

In North Texas we have a lot of hail, wind storms, tornadoes, and generally harsh conditions for a roof.

Networking, learning and growing are what BP have to offer so if you're in, I hope you enjoy the ride.

Chris It would be very interesting to see comparisons of actual cash flow or net rents received over a 3 to 5 year period from 8 caps from tK or 12 cap from tKI will wager you a ride in my new jet... that the 8% wins out.

So, I was thinking of just riding it out until I get a fresh tenant, then raise their rent considerably until they move or sign the lease.Thoughts...

Beach Boys etc..In 78 I was 13, soon riding a moped, surfing and absolutely loving life.

I have some friends from school who could be my feet on the ground and may be interested in being the property management part of the business, but I would still be able to get out to the area and get my feet on the ground as well.2) Go turn key on a “distant state” (5 hour plane ride) using a turn key company, coupled with property management, but their seems to be a discrepancy between appraised value and what the turn key companies need to get their profit, so appreciation on resale would be at risk3) Partner with a great property management company (although figuring out if the property management company is “great” is a whole other thing) and find a property on my own or link up with a BP wholesaler on a “distant state” property.

I am just looking to manage 10+ properties (or more) with a friend or by myself and running a small horse boarding/trail riding facility out of my house and stop being tied down going in to work on someone else's dream ya know.