Total operating income is $8,600 per month so even if I borrowed the full 900k it would still produce an outstanding cash flow (for the Maui market - which also has a huge added incentive of having a very high chance of appreciating).

Undeveloped land seems to go for $250k but it goes up in price/acre as it gets closer to the highway. $600k seems high, but I’ll be reaching out to commercial brokers tomorrow.

We look at the property's deed and any outstanding mortgages through the online property records system of the county.

My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.  

Their equity would be only whatever the outstanding balance of me funneling the profit back to them until paid off (just in case I sell the house before paying them back). 

This is one of the larger empty commercial lots very close to a highway, but just behind the main street. 

Title insurance protects you against outstanding claims against the ownership of a property. 

San Diego RE appreciation has been outstanding for the last 6 or 7 years. 

The interest portion due every month is Exactly the interest rate times the Current outstanding balance, divided by 12, just like a credit card.

It was a tax certificate, in Alabama... but Alabama is a different mess... but I think it applies here as a “tax deed” in regards that I had possession of the property.It was an outstanding fire due that I think should have been included in the auction.