Many of my long term rentals are in the Texas oil patch, though we were targeting an Air Force base for tenants.  

I also used WholesalersToolbox.com for a general idea of scripts and things of that nature.

That’s natural - it’s human nature.

Stephanie: naturally, a party who is putting up ALL of the cash ($625,000 in this case) would not be happy with a less than 1/5 interest of the deal. 

Collecting coins seems to be the largest barrier to increasing the passive nature of the biz.

It was good but we decided not to do the 35k coach program for now and just keep working and learning from some local groups and on acquiring a couple deals before looking back into the program or something of the same nature..

Due to the nature of the business, I found it extremely difficult to get a SBA loan for it. 

It is a tedious, time-consuming, ugly, and expensive masonry job that is usually done on scaffolding in inclement local weather.What you should do is prime and paint and caulk the exterior wood trim on your windows with Kilz indoor/outdoor oil primer (used to be sold as Kilz Complete) and an exterior gloss oil paint (like Rust-oleum Professional) and the most expensive and longest-lasting caulk you can buy, and then you make it an item on your quarterly inspections to look at the trim.

Just by nature of having to source new deals on your own requires a tremendous amount of work.

It could also potentially be an interesting second home option if you set it out in a little more secluded area away from the city where people could have a little space and access to nature etc..I would be interested to hear if anyone has come up with a model for something like this that could be profitable.