It's definitely one of those issues that is very specific, and would need to be worked out with Planning.

I asked about 3rd party accounting.His response was it'll take 6-8 weeks at least for them to come up with a plan but the conversion to shares is permanent.

The plan was to buy a warehouse, lay down turf and hard courts and lease the space to local schools and leagues and host tournaments.

You need to work with a property manager that has experience with this, unless you plan on doing it yourself.

I would be thinking about future loans as I plan to do purchase another property soon after.

What’s your game plan for managing the park — hands-on or hiring a property manager?  

My point above is how solid are your financial and management plans?  

Future land appreciation in this area might outweigh any tax benefits from buying in other areas, with a better (tax-wise) ratio.Before pursuing your plan, talk to a real estate accountant to figure out if you can, in fact, benefit from cost segregation.

Our plan is to purchase again with a better mindset of turning that into a profitable rental.We have diligently completed all the necessary steps and are on the verge of signing a management agreement with a property manager.However, we are experiencing some doubts.  1.

Their permit will not be transferable when they sell though, according to the draft plan.