It took me months to compile industry and local market data, and a strategy to be successful, but the end result was that my few months of diligence lead me to gaining knowledge that people who have been in the same industry for years didn't have.

Studios and one bedrooms naturally have a much higher turnover rate which potentially leads to higher vacancy.As I am unfamiliar with the area, may I suggest that you contact a local property manager or commercial broker to verify your assumed vacancy rate.

FOLLOW EVERY LEAD: Columbo would follow every lead because in real estate you never know where it could lead and it just might be your next deal. 3.

I just started putting up bandit signs and talking to leads.

How do you usually handle that lead?

Leaving very minimum risk of Cap X in the next 5 years.My experience however started 6 years ago and hasn't stopped as I worked for a REIT as Senior Commercial Manager of the fund and lead leasing agent.

I am still researching BP hoping it will lead me in the right direction.

Many people here at the office like to cold call people to get their listing leads.  

Your Team Lead will help you a lot but that's also dependent on how the Team Lead is as an Agent and Mentor so make sure you choose wisely.  

I hope he doesn't get so busy that we start getting long lead times :)