If this is the case, he may have to release his permit before you are able to engage another GC.

Again, personal opinion on my end, but my priorities when thinking about a niche:What engages my interest the most?

I'd always seek the advice of a CPA and attorney before engaging in such matters.

@Preston Brown Assuming the property is maintained in decent condition and you are engaged or hire a property manager, a 5% vacancy rate will be plenty conservative for that type of property.

A lot of that depends on how many and what types of assets you currently have and what types of business they are engaged in.So, your current advisers are in the best position to answer this question.

I'm looking forward to engaging with the bigger pockets community!

@Brandon Heath Although self-directed IRA investing is a great strategy, caution is required when dealing with family to ensure you don't accidentally engage in a "prohibited transaction" with a "disqualified person."

You used wide plank dark wood or laminate in the living room.

So far, I've done a google search of local commercial lenders and written several e-mails but haven't gotten a good response (1 lender from Dallas contacted me).I'm figuring the best reference for good people come from others engaged in the same practices.  

I signed up just as an investor wanting to engage with other investors and the whole thing seemed shady.