I am in Texas and all of these answers are based on Texas.1) you do not need a License to do PM if you Own the property.

During this period your attorney can cancel the contract for whatever reason as long as it is NOT based on purchase price. 3.

This is not $120/ft material, which is how this is priced based on the $3,500 that was purportedly spent.

I am a 21 year old investor based out of Brooklyn, NY w/ two investments properties (payed off mortgage) that I manage and I have been pushing forward and researching and reading and learning as much as I I can about real estate.

This should be your own conclusions based on your underwriting, not someone else’s. 

If you do, you are missing out on most of the advantages, and rationalizing bad deals into good ones based on "%'s" instead of dollars. 

The tax treatment of your land sales would typically be determined based on when each parcel was sold and whether they were held for investment or business purposes.

The truth is, it’s based on a multitude of factors and ultimately comes down to what makes sense to you.

Appreciation is based on the $1M, not the $200K. 

And again, this is my market and area of town, but tenants like the character of the older home with the tall base boards, hardwood floors, arched doorways between rooms, etc.