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.

@Jake Mires - I highly recommend you qualify your sources of information before making decisions.

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

I had same opportunity, but didn't take it as the floor commercial will be the main source of income , it was too small for any popular to lease it , and franchises makes 60% percent of all businesses

The key is to find really motivated sellers.

But I am also not dependent on rental income as my major source of income. 

Find a 2nd source of income. 

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

Sounds like you're off to a good start; setting a timed goal is key.

Another key item is default.