Good contracts are vital if you want to stay out of trouble.

This is also vital for your out of area buyers.

The best way to make sure that your contracts not only protects you but are the right ones for your business is to complete a business plan detailing what you're going to be doing and have a local attorney who not only specializes in Real Estate but Real Estate Contract law, which is vital b/c some states have specific laws stating size of fonts to be used and whether or not BOLD is to be used.

Let me know if I left out any vital information!

The knowlege of costs in any investment are vital to succeed and make profit.

The tenants play a more vital role there.For example if you have a 3 unit retail strip center that is Starbucks, Verizon, and Batteries Plus corporate the commercial lender looks more with the length of primary lease term, how good the guarantee is on the lease for each tenant, quality of location,etc.You can have a professional commercial management company that manages millions of sq ft run the asset and the lender tends to feel comfortable.Retail the entry level is higher for quality usually a purchase in the millions minimally.

The military base and industry growth is vital to acquiring good tenants and positive cash flow.

Another key thing is understanding tenant behavior here; it's vital for profitability and mitigating your vacancy risk.  

I'll also be doing all my own work as I have the help of experienced contractors and was raised by Buy, fix and hold parentsAgreed that checking with my accountant is vital.

This position will be a vital part of our team, so we need the right person who will take ownership of this role and grow with us.