Specialized skill in solving unique problems will set you apart from the run of the mill investment strategies and formulas.This a people business and a problem solving business, not a "real estate supermarket" where you merely pluck properties of the shelf looking for the lowest prices, highest yields, and comparison shop like going to Walmart or Costco.My personal preference after 20+ years of investing is that I would much rather drive a 2-3 hr radius digging deep for opportunity than hopping on a plane for 3 hrs one way, spending a week in a hotel and buying off the shelf.  

We want to use our own money and do things appropriately, smart, and to also educate ourselves in the meantime.

He is a smart guy with lots of experience.Is there another exit strategy that would allow you to close on the property?

Upscale, great shopping, lots of traffic. 

Lets get together and talk shop.

@Abhi Jain  if your already this nervous  then you should probably go with your gut instinct so you don't worry yourself.. there are literally hundreds of turn key providers in the US.. you may want to do a little more shopping and research before you hone in on one company..

And if a tenant knows you'll be stopping by a couple times a year, they probably wouldn't want to set up shop in the home in the first place.You should also be aware that in TX on the Seller's Disclosure form, there is a place to check if you are aware of the premises being previously used for meth production.

Is it smart to require tenants to have renters insurance and for the property managing company to be listed on the policy?

I've shopped around for different lenders in the area and this one had the lowest interest rate and closing costs.

Is it smart to require tenants to have renters insurance and for the property managing company to be listed on the policy?