There are other variables, so I would talk to an estate planner.The most likely contender for the scenario, as you outline it, is a lease option to you.

I'm very happy I stepped into this market, and will continue to grow it.

Joining BP is a great step, but when you've educated yourself and have met some folks, start talking to lenders and find a good investor agent... and start submitting offers!

We started building several years ago in that area exclusively for our investor clients. if this is something you are interested in we can talk and I will send you projects that we have done.Thanks,Brian

I am trying to determine if I'll allow them to continue managing after the purchase.

The City of Austin’s website is a good resource for local business requirements.Before you get started, it’s probably a good idea to talk to an attorney.

Just finished my major in Business Management and am receiving my Management and Supervision certificate this summer.I've been studying real estate for a few years now, have watched tons of videos, calculated and ran numbers on numerous properties and listings, and talked with many lenders and real estate agents, but because I don't have anyone in my circle that's well-experienced in REI's I've hesitated to pull the trigger on anything.I'm looking to fix and flip, BRRR, LTR, MTR, STR, or multi-family.

I know my daughter just rolls her eyes when her mom and I get talking about it. 

Vacancy is costly and while there is no way to guarantee one tenant is going to stay longer than another, talking to people and learning a little about their life and situation should give you some clues as to how long they might stay in your place.The probability of you getting a home-run tenant right off the bat is pretty low. 

There are 2 buildings, the first in Fort Wayne, near airport houses 1 tenant ZF, a german auto-parts supplier, been in the space x 22 yrs and only has 2-3 years left on lease but space is custom for them and they have long contracts from automakers for parts for legislatively mandated discontinued car parts, when car models get shut down, the manufacturers have to continue to supply parts for 10-15 years by law, and ZF gets many of these contracts, also all work force very established there so company less likely to move, but even if they do, Heritage could carve up the 1, 100k space into 4 smaller spaces and then get 50% more rent.