Hi Dock,First thing you do is find a great property manager to guide you & partner with. 

Hi Sandra,I'm a professional property manager in Pleasanton, CA.

Lastly, something to think about: a few investors set up a management LLC that will not own any property but, in turn, deal with any third parties.

I also invest and manage properties in the Madison area, feel free to reach out if you need anything! 

For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.

So you have to decide if it’s worth saving 25% of your gain to stay put 5 months longer.

Having an inspection report in hand will set the tone, and then from there you can decide which issues (if any) you want to get a quote for.

@MariaTeo with the new changes coming in Aug from the NAR lawsuits you should ask your managing broker how your state is outlining this.

This should include down payment, closing costs, potential rehab costs, and a reserve for unexpected expenses.Market Research:Choose a Market: Decide on a market where you want to invest.

After getting the property turned over to me, we soon realized the home wasn't in the shape of being a good flip, so we decided to tear down and have a open lot for the time.