While I have a background in both Finance and IT (which led me into roles in real estate asset and investment management) I’m completely new to owning rental property myself.Professionally, I’ve focused on building software solutions and performing commercial-grade real estate valuations using tools like Argus Enterprise, ReaPage Fuel, and (of course) Excel.

Appreciation on this house in this area will play a huge role long term.

So my principle partner and I don't have defined roles and responsibilities and this has created conflict and frustrations in a couple of the deals.- Expenses are usually much higher than expected.  

Our goals are to use velocity banking to accelerate the payoff of our current home mortgage and to acquire another rental property.Career-wise, it would be perfectly fine for me to stay in my current role, but I’m also seriously considering starting my own CPA practice around June this year.

@Steve Harris Great breakdown — especially the emphasis on killing deals early and not underestimating timeline risk.One thing I’ve seen repeatedly is that the mechanical steps can all be completed “correctly,” but the real inflection point is whether the approved lot count and conditions still support the original economics.In other words, entitlement success isn’t just getting a vote — it’s whether the discretion exercised along the way (conditions, design adjustments, off-site requirements) reshapes the deal enough that pricing, sequencing, or exit assumptions need to change.The process is remarkably consistent across markets, but the economic durability of the approvals is where experience really shows up.

You can argue with math, it’s logical.Make sure you detail each parties role in this.

Ask that they send out the inspection notice letter immediately by posting it on the tenant's door, emailing it, and sending it by overnight delivery - at the PM's expense - and then making the repairs after the legally exercised notice is given.

Fall and winter can definitely slow things down, especially in the Midwest, where weather plays a big role in people’s moving decisions.

The bigger question is what role you want Dallas vs OKC to play in your portfolio.Dallas has tighter spreads and more compression right now, but stronger liquidity and long-term fundamentals.

If the tenant did not agree to the "buy out" offer, then you simply inform the tenant that you will be exercising your remedy right under FS 83.595(2).