I've got a few resources for you.

All you have to worry about is collecting your check and reading your statement each month to ensure everything is going smooth.If you consider a property manager, please read on.Many Landlords complain about Property Managers.

You will have to get the property appraised at the time of distribution to determine it's value and the amount of distribution will be taxable event unless you are taking distribution from Roth and have met the requirements. 2) Non-recourse lending means that the borrower does not provide personal guarantee for the loan, the underlying asset is the only security for the loan.3) You can contribute into an IRA independently of your 401k contributions, assuming you are eligible based on your income.4) If you set up truly self-directed Solo 401k plan you can invest into virtually anything except collectibles and any transactions involving disqualified person.

Can possible sub divide lot.over 5,000 sqft all brickrehab estimate- exterior 40,000... interior 20,000 per unit x 4= 80,000Total Rehab $120,000Seller Asking PRICE $175,000Present mortgage $125,000 @ 7.2% 30 year term (was originally $152,000 in 2004)No second liens2 units are occupied (don't see how with all the deferred maintenance) and supposedly collecting rents $600 eachThey originally offered a "land contract" at $175,000City assessment- based on land and structure $203,000All units are metered separately- electricity, gas, water, trash etc...The good news....pro forma base upon what I know about that area.

The second he has been struggling to collect rent every month.

We use a CPA for audits and tax returns but use either bookkeeper and in house resources for the daily/weekly tasks. 

I would say the school matters if you want to network a little and have the teacher as a resource but you already have the BP community.

I want to get more doors, my goal is 20 units and I only have 4, my thoughts are that if I dump all money and resources of financing into one renovation and cosmetics...I will never buy more buildings and get to my goal.

A great resource i is the local BP meetup that usually happens the 3rd or 4th Tuesday of the month.

Net operating income includes rents collected minus expenses.