Are there any mentor/coach/investor types who know the Collin County, Texas area on this forum to speak with? 

We ended speaking with the owner , changing management teams and after 2 months ended that agreement.

However, when you factor in the HELOC, we have a negative / break-even cash flow (HELOC payments are about 25% of the revenue from both).

It gives him experience in public speaking, forming your own opinion and communicating with authority.

1) Check with state building dept to see if they have a valid builder's license and if any negative issues with it. - PRO TIP: many builders lose their license then create new company in name of wife or other relative/friend.2) Check Better Business Bureau, but don't assume all the complaints are legit. - If there area MANY, then that is a problem.

Hey Marc, speaking from the BRRRR lending side of things I don't see any deals that our team has closed in Winchester, VA in the past few years.

On the negative side you will need to show how you will use the property to generate sufficient income.

Commercial is a universe apart from Residential and yes, commercial is 10X easier in regards to the things we are speaking on. 

The cap rates seem to be inconsistent and not aligning with really anything...3% to 5% on older buildings with higher risk, not great tenants, in not great areas and not a lot of cash flow or even negative cash flow based on current listed price.  

I’m sick to my stomach just speaking of it.