This sounds like a development, so you and your team should have years of experience and a track record of success before you take other peoples money. 

Quote from @Jacob Sallblad: Hey guys,first time posting here.

@Gabriel ShapiraThe investors that I have talked with lately and others on BP seem to be very interested in the Charlotte area. 

Which is the result of applying depreciation: https://www.biggerpockets.com/forums/51/topics/1121063-expla...Real Estate Professional Status (REPS) is used when you have net losses and need a way to deduct these losses against your non-rental income.

Thanks, Bernice One approach is to break it down by looking at similar vacant retail spaces nearby and comparing price per square foot while factoring in potential rental income once occupied.

If you truly have cashflow to spare I would personally look at the 15 year.

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@Makani Donaldson it all depends on your investment goals.If you buy a Class A rental, it'll usually have negative cashflow, which will be hopefully offset with appreciation and better tenants.If you buy a CLass C or D rental, it should have pretty good cashflow because you may not realize much in appreciation and you'll have a lot more problems finding good tenants.

They will sometimes have a few of the more common types of amenities, and may or may not be professionally managed.

BP hivemind - If I buy a house in a good school district, say Brookwood, and house hack.