Find out their rental values too.

(he said there is 100 amp panel)My concerns of keeping it as a rental is liability if I don't replace everything with drywall...which would prob kill the deal for me.

It also has a strong rental market that would be ideal for targeting cash flow. 

The inflation is starting to turn the rental market on its back.

you will not want to take documents from anyone on line and will want an attorney to create docs for you which would range from $5-$10k.Regarding management fees, 1-2% is what those fees typically, are so even at $1M you are taking $10-$20k/yr in management fees, which probably does not get you super excited, but thats where they typically are.

You will need to allocate the expenses between the personal and rental portions of the house.

I started flipping properties and, after a while, began wholesaling because I saw an opportunity since I was already doing marketing direct to seller so I took it.People think wholesaling is easy because of how it is portrayed online, but it is not at all.

For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.

Based off a quick rental search I can see that the property needs some more work to get rent ready.

The inventory has dropped prices a bit, and the rental market is thriving.