I will be self-managing the rentals, renovating/updating when necessary, handling all tenant affairs/calls/etc, and physically maintaining the property - however I will be coming in with little or no money. 

For a number of years we felt we weren’t in a position to invest in real estate and we always had good reasons/excuses, but after listening to and reading so many stories I can see that we really should have started earlier.I’ve been consuming as much material as possible the past several months from books, podcasts and blogs.

Something that will move him to a better position and move you to a better position too.

Not seeking pity here, just explaining honestly my situation.I am retired now and have no interest in putting my tool belt back on, but what I do know is how to build, maintain, remodel, manage, improve, and take care of homes and buildings.

Without any more knowledge than what’s contained in your post it’s an envious position to be in and there are a wealth of options available to you ranging from a joint venture to self performing on a new development to long term hold.The only people who will be able to accurately answer your question are a licensed appraiser or a broker(s) who specializes in land or commercial/residential properties.

Be happy and positive. 

Once the seller settles the lien, they can originate a new first position lien to you.

Science cannot disprove negatives, but it is incumbent upon the claimant to provide proof of a positive, not the other way around.

The PM group works for you, and that position of dominance shouldn't need to be refreshed from time to time.

If you are not in a position to rewrite your lease you must enforce it as written...no pets means no pets.