I'm willing to help any of you with administrative or other ways I can help you that would in turn help me learn.

I'm excited to get started and am willing to help anyone in the Dallas area with administrative duties in exchange for some guidance.

@Samuel Lynch you can most definitely transfer your Roth IRA to a self directed administrator/custodian.

If you do focus on investors, the main priority would be to be constantly networking and looking for deals, and building your investor database.

No direct experience with East Texas though, but their database is nationwide.  

Is it wishful thinking to believe that my partner and I can get this portfolio to be near-passive from a PM/administrative perspective?

Colin,You should understand the difference between the custodian and the administrator, if you wish to have greater control with flexibility and fewer fees you may want to consider Checkbook IRA).

I did just see one in Plympton that might have legs.I did decide to open my own office as part of my longer term strategy, but the administration of it does carry an extra workload - marketing, CRM, E&O, agent training, etc. 

I'm a 27 year old Systems Administrator (IT).

If i'm working 4-deal at once, my phone literally never stops ringing and I HAVE to take those calls (and I am mainly referring to major decisions - I always use a GC, administrative support)- so the idea to me that I'm going to run-point on multiple deals and sit quietly and plan in the middle of the day would never work.