Then a good list of traits for the PM (which are harder to come by than knowledge) would be: - Organized - They have to be naturally organized to be efficient and enjoy the role of keeping everyone else organized. - Analytical Problem-solver -- Must be inclined to figure things out cause growing companies have lots of problems, as do projects. - Commanding yet collaborative - can command respect from more experienced, more physically able workforce - Resourceful - Inclination to get things done by tapping into resources (network of experts) vs. trying to address major issues without inputWhat would add?

As a property manager myself my natural inclination would be to tell you to hold it.

The best places have been the whole in the wall places where people don't sNt to buy therefore there aren't rentals to be be had naturally when people rent instead of sell.All of out areas have been found through evaluating the local market!

Make sure your insurance policy has adequate coverage covering demolition and removal of any debris (including potential hazardous materials (asbestos, lead, etc).

Because that is your intention, any lending must conform with residential guidelines, and most hard money lenders aren't licensed for residential and won't take a chance on funding a deal that is clearly residential in nature.

I think it will be adequate for storage purposes.

;) Anyway, was looking at going to college at Texas A&M so naturally I looked into real estate in the area.

@Brant Richardson  this was true in some markets.. but not all... ask anyone who bought a 4 plex in Phoenix in 04 for 350k and they were worth 60k in 2009 and all vacant and almost all investors who bought those lost them.Ask many who had rentals in Vegas... lots of carnage there. .there were issue in every market... and of course many of those were over leveraged and did not have adequate reserves and walked..

The two of you can join as natural persons or create a company and hold title.

Tenant shall be responsible fordisposing of items of such size, nature, and/or volume as are not normally acceptable by the trash/garbage hauler.