Hi thomas, I become your fan. You read your number of post and found you perfect in all the answers. Its my pleasure to read your threads. Thanks for all the information.
You can search for online virtual real estate agent who is most experienced in real estate filed. That person can guide you on right direction. Tips and new idea with experience can help you alot.
Great Brain, Entering in real estate business is great among the other business. I am also in Real estate and property management filed. Hope we could help each other. We deal in Colorado springs for buying and selling.
Investing in property such a fair deal. Property always give you profit. Without any hesitation jump in to this. You you know the future opportunity to earn money go for that.
I will go with two major risk that i understood 1) Selection of property 2) Unknown expense
If you take wrong decision of selecting property that mean you lost your all money. And unknown expense will occurs.
You should provide property manager in percent of sale. It could be 1 or 2 percentage depend on profit. Providing static bonuses will not excite your manager to work more. Giving percent from the profit and increase more profit.
Nice thinking you have. I will approach you to go with personal touch and do an agreement that you would increase the rent every year but slight increment. This will solve your both purpose little increment in rent and agreement as a professional.