Now, it seems a little steep but understanding that they can be bought out in 5 years with my company having the right to purchase first is perfectly fine to get this deal under way IMHO.My question is as follows, the individual lending the money is going through a company that I will leave off of this post for privacy reasons but I want to ensure that I am not about to work with a group of individuals who might not have the proper funding in place.

I ensure I have flood insurance...and yes, figure those numbers into the BP rental calculator.  

Your time here will be well spent.Since your focus is on landlording as a desired niche, I added the links below for your review.http://www.biggerpockets.com/renewsblog/2013/01/04/how-to-rent-your-house/ (house rental guide)http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property)Now that you have made the move, below are some links that will help with the navigation of the site. http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meethttps://www.biggerpockets.com/alertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.biggerpockets.com/forums/categorieshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)Before your 1st purchase, please ensure you visit the below link for some tips.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REIs)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

I'll start to check in on the property daily to make sure work is being completed in a timely manner and ensure quality is up to my expectations. 

One time the garbage removal company had secretly had one of the property maintenance guys sign for a 6-year contract.When your management company goes out to get bids for new severice contracts they should do so in accordance with your vendor bid policy to ensure you get the best service for the least amount of money.

Part of buying it right is ensuring it's not difficult to let go of, that it's easy to rent and the purchase + rehab are less than ARV.

The rest of the market is better left to the major players with specialized knowledge, trained analysts and enough capital to create a diversified portfolio in this specialty.IMO the difference in returns between industrial real estate and other commercial real estate is too small to justify the increased risk for anyone but the institutional player.

Yes, it is time consuming; and yes, you do take a risk of your application being turned down; but there are many steps you can take ahead of time to help ensure success.FIRST, before you even consider writing a grant, make sure you have on file the kinds of documents you'll need for most grant submissions: Mission statementBy-laws and articles of incorporationOrganizational chartOrganizational historyAudit or, if an audit is not required, a financial statementFavorable newspaper articles about your organizations, and other PR materialsSufficient copier paper, FedEx packages, binders, dividers, etc.Having these at the ready will make the writing process go much easier.SECOND, after you've done your homework and isolated a funding source to which you want to apply, READ THE APPLICATION CAREFULLY.

I see it first hand how many hoops buyers now need to jump through to ensure that YES they can afford the property and that everything they stated is verified two or three times.

Meanwhile, these properties could be losing grandfather status and city liens are piling up making anything but an eventual foreclosure unrealistic.I often know who the players are and the history of the property much better than the original institutional lender.