Danger areas can be receivables, facility utilization, pending regulatory actions and code compliance. 

Once I had in writing that the tenant had abandoned the apartment I paid to have their possessions moved to a storage facility, where is was to be held for 30 days then disposed of.They eventually showed up and asked for their possessions back, which I had to legally provide even though they owed thousands in back rent and unpaid utilities, plus damages.  

It originated with the evaluation of mobile home parks and storage facilities. 

For example I’ve probably mentioned the auto repair facility I purchased for $125k and sold 4 months later for $300k at least a dozen times.

Over 200 brand new units were recently built in the same area and they not only have a work out facility, but they dropped their rates just trying to fill units. 

In terms of employment hubs, ensure that the current major employers are there to stay - for instance - hospital or manufacturing facility.

Q1) I can't speak on behalf of any of the in-person facilities in DFW as I have not taken classes there, however, I'm sure a quick Google search will provide you with lots of reviews to comb through to help you come to a decision.Q2) To get more involved in commercial, it's important to be actively learning about the commercial real estate market and to stay involved in your local community.

I ran into this at my last storage facility because there was a double wide on the property.

I'm new to the investing side, so I am speaking as a business person here.Greg is right about any family coming in to overturn the deal, be sure you understand who will swoop in after her death and try to get the property and your deal overturned.If you are in no hurry to get into the property, then maybe you can structure the sale in one of the following ways: (1) possibly a sale at a fair negotiated price, with a leaseback provision, (2) sale at a fair negotiated price, where she carries the financing so you pay her a monthly installment and she can afford the assisted living facility, or (3) have an attorney create an agreement of sale that you and she negotiated a price and if that agreed upon price is at least, say 80% of FMV on the date of death, her heirs must honor the agreement and sell to you at that price, or give you a first right of refusal to purchase the property for say 80%, of FMV on date of death. 

This could be a great profit center for an investor.Make sure you have something in writing as to the amount they will pay you.Ask if you can become an auctioneer associate, ask if they will train you and if you can you can use their facilities to help get leads and to learn the business.Use the Control and Roll system to increase your income.......that is --- control a property at a price that you feel you can sell for more, put it up for auction (while working for the auction company) and sell it for more, ( Example: your contract offer ----with special clauses and disclosures---is for $100,000, you book the property with your auction company and sell it at auction for $115,000, you make $15,000 equity plus 25% of the buyer’s premium commission paid to you form the auction company.