It's more for ongoing new construction, rehabs, remodels, etc.  

I was in the Corps of Cadets/ROTC at A&M myself- I'm planning on going to grad school at UT, my aggie ring might burn a hole through my finger. haha!

Looking for anyone in experience in the industry to help with the business as an ongoing or initial consultant.

Property tax and other ongoing expenses are probably about the same in both locations, which means they is larger as a %age of the rent in the first property. 2.

I am apprehensive on going it alone simply because of my real-life knowledge of it all, I don't want to sign into something that's over my head without knowing it- Theory to practice is always a big leap!

OWNING a rental, AND ongoing savings, will help a LOT.

Repairing damage, as with maintenance repairs, is a ongoing process.

The face value numbers are intriguing: 7% preferred return with excess split 70/30; 7-year expected hold period and after return of principle, profits then split 50/50. 2% acquisition fee of purchase price and ongoing 5% fee (EGI) for management.

This includes frequent communications, the handling of the backend processes (paperwork, funds) and ongoing education to make you better informed investor.  

You have the option to rent it out if it meets the financial criteria for a rental and you wish to be a landlord dealing with the ongoing headaches that come with that title.You must also not be emotionally attached to the home since many tenants do considerable damage.