Been here since 1991 so I'm familiar with the area and I'm excited to exploit that and earn a few dollars along the way. 

I know that market has been drying so I am not sure how much longer it will be around.This is an amazing site because everyone has a different niche they exploit.

As you go along and become an expert in your niche, you'll find other ways to exploit your niche and ramp up your profits thus your "passive income" acquisitions.I should note that I don't believe managing 100 properties or how many ever it may take to meet your 20k/mo net income goal is ever considered "passive income".2.)

Its strategic location links a highly educated workforce to exceptional retail, residential and commercial facilities - Lake Pointe provides an excellent opportunity to exploit these unique characteristics."

Your job now is to figure out what niche isn't being fully exploited and exploit it!

Exploit ways to increase gross income, etc. 

We agreed to his price, and it is a very fair one at that so, we are not exploiting this man's situation.

Yes, exploiting the national (and international) footprint is a key marketing strategy for the big nationals...

Not to replicate them, but to help identify areas where I can exploit and provide a better solution (such as quicker turnarounds between renters than some of these guys' typical 90+ day average).  

Obviously, possession, cash, cash flow, and other benefits can be fiddled with similarly.Hope you find lots of other great opportunities and exploit them fully.