Am I on the right track or just getting started too late?

I've learned so much already from reading through these forums and I'm excited to know that this is just the tip of the iceberg.I'm looking forward to meeting and interacting with folks on this site and to getting my Real Estate career started off on the right track!

There is no need to track depreciation and file for 1031 exchange.

Property taxes have NOT been paid for the past two years.I tracked down the owners, who now live in Savannah GA at a property they purchased in June of 2013.

On the 1st patient in Texas, they are tracking everyone that worked with him at the hospital, and his family. they are NOT tracking everyone else in the hospital that was there or may have sat in the same chair as he did.

Sounds like you have a track record even though its with "little fish".  

The area has a lot of custom, older, and non track home type homes so the values you might get on appraisal range could drastically vary.

I've paid royalties before and it eats a good portion of the profitability of the business.  100 employees is definitely a lot of payroll expense, workers comp, and overhead! 

So their track record is what got them started. 

Kelly,In my experiance, if you have the money for a DP (20%) the banks will go ahead and count the rent on a property towards your income, otherwise you will have to show some track record for that property's performance.