Another issue is the gas station includes a liquor store so opening a new company to buy out business would mean losing the age of liquor license which may be beneficial in the future if they pass a law on permitting more liquor licenses to existing holders. 

I live in Naperville, Illinois and looking to invest in Brrrr propertied within a 25 radius to include towns of Bolingbrook, Lombard, Wheaton, Villa Park, Elmhurst, North Aurora, Wheaton, Glen Ellyn, Downers grove, Westmont, Schaumburg & Carol Stream areas.I am in the process of building a team of real estate agents,  licensed rehabbers, real estate attorneys, property sourcing channel providers etc.I look forward to members to assist me on my journey.Thank youSuhael Ahmed

I have a successful PM company in SF and a CA Broker License - but currently don't do any sales transactions.

I have a reliable contractor who has done flips, I am also a licensed agent and know my market.

Use and Occupancy - In the city of phila its called an L&I Cert (License and Inspections) Its just a cert you buy online for 130 bucks that discloses any violations

While I have a Broker license, I've don't do any buy/sell transactions.

Do you have any recommendations for a licensed general contractor?

I am a (newly licensed) Real Estate Professional.

1) LTV - seller doesn't want to you claim at last minute that you didn't get approved for a 10% NOO loan, so can't close and you want your EMD refunded.2) PMC Holds EMD - PMC needs to be a licensed RE broker to do this.

@Mike SmithyIts been a while since I was licensed in Texas, but I seem to recall that the landlord can only deduct actual financial loss, in the event of a premature vacancy.