This strategy will generate more business than a new agent can handle if performed consistently.

Parking lot revenue (rents) - (minus) operating expenses (opex) = Net operating income divided by cap rate for parking lots in market = value - (minus) cost to build parking lot (pave, fence, light) = profit generated 2.

@Carrie Maultsby-Lute Online lead generation, hands down.

I'm a full time Network Engineer, who also owns my own IT consulting service but I was drawn here while researching generating passive income.  

Treat any time spent on building leads, crafting marketing pieces or executing a direct mail or phone calls, as complete gold and NO ONE can distract you from those income-generating activities (IGAs).4.  

You missed the fact that the $52,500 in equity is saving/generating 4% of the returns.

My father's reasoning is this:Throughout his career, he has always used the commercial property as collateral when he needed to build a building on the property or purchase a large piece of equipment.

Had you handled this differently, and been able to answer the questions I asked without all the BS, maybe I would have referred you some of the 100+ leads in my pipeline looking for Facebook advertising (that, I generate through PPC).

Hi Rob, wonderful post, looking forward to reading everyone else's responses as well.I will likely make a fair amount of assumptions in the following discussion, but none-the-less, I would do the following:1) Sell your property in VA.Based on your discussion, my advice would be to sell your home in VA as it is not generating any "real" money for you.

The winter season is shorter, they don't have equipment to take care of it like we do here.Do all the research and visiting before you uproot and make a move south