If you hear the same guarded optimism from a local contractor, it shouldnt be too bad, maybe!

I don't really need any help with analyzing this strategy, but I do need help aggregating some data to help me implement it.

I have two questions:

1) Is there a place where section 8 rental voucher amounts for all...

This would be optimal, as rates are around 4%.

; there's evidently a good tenant pool; and there seems to be optimism in industry (some auto mfrs are apparently returning, downtown beautification, new border bridge) and--maybe most surprisingly(!)

You are an inspiration to us all with your hard work and optimism, thank you.Bruce

Most lenders in this sandbox will want to see the building running optimally for 18-24 months at which time you can refi at the new value and pull most of your investment out.

The financing would be optimal for this as well as it's a homepath property.

Gotta net out the value from the RE.Look to the old sales generated, but you also need to take into consideration what kind of operation will replace the old business, a significant change in menu won't be the same and consider the blue sky falling since it's been closed.If that owner has medical issues, seller financing may help him save on his estate preservation, if he gets cash it could be required to pay medical expenses and lose what he gets, financing it will usually take him to a discounted market value of his note, savings can be significant and save in keeping other assets.

You will have to run through the numbers with your CPA to optimize the distributions.A C-corp does have a lot of tax deductions that other entities and you can't take.

I think three years will be optimal, but since you are the new owner you may not have the previous stmts.