The key to surviving a downturn in a market is holding power and not being overly leveraged.  

The best I could think of is bulletin boards on college campuses.

Other key mentors along the way have been a community banker, and a title company owner - all contributed to our knowledge base about the buying, lending and closing processes.If you haven't already started talking to lenders, I would recommend starting that process now.

The neighbors got mad about it and called the township board and say that my friend was running a business in a residential area. 

Hi Rick,I have created my own KPI's (key performance indicators) and occupancy is calculated just to compare MOM and YOY trends. 

The key is to find really motivated sellers.

(Need some of the insurance agents on this board to chime in.)

It has message boards and to do lists so every party knows who has the ball. 

They can buy it and you can reimburse them.We have some prior discussions on this board on this subject.

As a out-of-state I will need more supervision and I don't trust turn keys.