When I told him I was looking to buy some rental property I asked him if I should set up a separate entity or if I should just buy it with the company that owns my dental building and equipment.  

In preparation, I've read multiple books on property management (Including Brandon Turner's), and have listened to over 100 BP Podcast episodes, as well as browsing the forum.That being said, I have a full time career as an insurance agent (life/health), I'm not sure if my time is better spent split between property management and my career, or if I should hire a local PM for 10%.

If they buy it 20-30 years ago, for $30K, and now, since it's been abandoned and it's only worth $10K, it's an ego thing to take a loss... also, sometimes it's a health thing with older people where maybe they want to rehab them, and just don't get around to it, but again won't sell because they think it's worth so much more..  

I'm looking to do this fast, and acquire more, as the health requirements of my wife (37yrs old), are reluctantly forcing her out of the workforce.

My job is fairly decent in that in addition to obvious benefits (good salary, health ins, 401k), it is flexible enough for me to pursue outside interests, i.e.

My handyman was very slow moving as he was in poor health and much older.

I typically check 3x a year at minimum, but due to family health issues and work, it wasn't possible to keep to my routine.

She needs a guardian or social worker to watch over her finances, housing, and health concerns.  

So I dug this up: 1997 Uniform Housing Code Section 503(b), Health and Safety Code Section 17958.1It states something along the lines of...Every dwelling unit must have at least one room which must have at least 120 feet of floor area.

Then, after we repaired everything, the Health Department decided to show up.