Obviously, all rules have exceptions (otherwise they'd be physical laws :-)...Certainly, there are houses that will have NOI well above 50% of gross market rents and certainly there are houses that will have NOI well below 50% of gross market rents.  

With virtual assistants and temporary office spaces provided, small businesses simply don’t need a physical office anymore. 80% of business can be done though a cell phone on a golf course and the rest at the dinner table with your client.

I have terrible RA and found holistic treatment (ozone therapy)that's been working in Mesa.

At my legal day job, I can't remember the last time two parties physically got together to sign a contract instead of emailing it. 

I would spend every weekend and some weekdays looking at properties with my newborn baby (feeding, changing, holding), which took a lot of physical effort, and at the same time inspecting properties and calculating numbers.

Starting out I am planning on closing with contracts, I’m still having a hard time understanding double closing and as you said, the contract is all I am selling, not the physical property.

Lisa,The answer to your question is likely "yes", in that you are typically not required to make any physical changes in the building to convert it to condominium ownership.However, there are many "moving parts" in this process, so I would strongly suggest speaking with a qualified, local real estate attorney about the specific requirements for both the State of Texas, as well as any possible municipal requirements.Hope that helps.

I need to send them a contract to sign, then return to me either in physical form or digitally.

I need to send them a contract to sign, then return to me either in physical form or digitally.

Being that I am not physically in the market, I am looking to sell my property to truly valuate the investment, but once I do I will be replacing it with two more.