Owner agrees to compensate Manager as follows: Owner agrees to pay the Manager ___12 (twelve)_ percent of all gross receipts and income collected, as a fee for managing the Property (gross receipts are defined as all revenues of any type or nature collected from the operation of the Property), including but not limited to refundable deposits; which fees, plus all other expenses of any kind or nature, direct or indirect, as to the Property and management thereof, shall be deducted by the Manager from gross receipts and income, and further agrees to abide by the conditions set forth by the Manager to the tenant on the Owner’s behalf. $50 monthly fee on months of vacancy.

I'm looking for investment that I could probably try to sell within 7 years.I'm not sure if there's any other loan out there for non stated income, or something in that nature.

But do make sure that you are adequately insured.

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.