Interestingly the purchase of the Lakers also came with some choice real estate that he purchased from a motivated seller.

- If it's during business hours and a repair needs done, we may call the owner to be sure we use the company of their choice for any given repair.

what did you end up doing here Erik never got a final decision post

I had one who finally responded to me and said he would be in Mexico for the next 3 months (I know what you are thinking, but he is more American than me, ha ha ha).

The location of this property, being what it is, would only make sense to have the back parcel with the house, so, now my choices are to either back off the deal and loose about $600 or keep with it and see if the previous owner will settle for a little sum of money for the back parcel.

Finally got notification the bank has accepted another offer, agent emailed and asked if I wanted to be put into a backup position, I said sure...asked if I need to modify the contract to include a backup contract addendum he said no, he would "make a note".Oh well, next!

The choice of entities would incorporate things like tax issues, estate planning, as well.

(I hope I am posting this in the right area) It has always been a lifelong dream of mine to own rental property, and I am finally ready to take the plunge!

I am curious about the final selling price and DOM.

Finally, take your numbers a build a pro forma that projects the overall performance going out at least five years.