Hey everyone, I have been doing commercial property management privately for over five years now and I'm sure most of you will agree that finding and keeping a solid tenant is the biggest challenge, yet, is the most important objective on your list at all times.I have sandwich signs posted near the main roads at all of my properties, and recently created banners to hang on windows.

@Brian NaumannI had read several posts in the thread before I realized that you are right here in Mishawaka.As @Jay Hinrichs said, there is plenty of low hanging fruit right here in our area.Hopefully you found a good mentor who will point you in the right direction.South Bend has a lot of cheap C class and below properties, so does Mishawaka to a lesser extent.

You'll be too busy soon enough to hang out too much being so unproductive.

So the garage is a full step down from that after you open the door and the door is hanging awkwardly when opened in the room.

I've heard finding good PMs and GCs in Indy can be tough if you're not there, but it's definitely the deal flow / good evaluation that I see as the biggest hang-up if you can't be there.  

Financing will be the biggest obstacle for you, but if your family is willing to JV and has a credit here that would be the "lowest hanging fruit" for financing.  

Your questions, though I can't answer them, are extremely helpful because now I must figure those out.The part of this that I'm still hanging onto in considering such a project, is that it seems like the 4 apts and 2 commercial spaces could fund the loan payments and then some.

That said, like @Matt Motil mentioned there are a lot of dues and costs to hanging your license. 

Dakoda,Hang in there buddy you are gaining invaluable knowledge that will assist you long term.

So for those you've interviewed, what's the hang up.. not meeting your criteria or they decide afterwards they don't want to submit an application after viewing.