OpenAI, the company behind ChatGPT, has secured a full-building lease at 550 Terry A Francois Blvd in San Francisco, marking the city's largest office deal of 2024.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

This can also make it easier to secure financing for the future multi-residential building, as you can structure it separately from the retail business.

The pros as I see it are Good ROI for the groupMoney made for my mentorI get the house for 25k under list with the security of no other offers coming in and the possibility of 25k profit.

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

I also wanted to add a few security cameras outside and in the common area.

@Ben Burgess Like you, I was about 8 years into my career in Tech when I made the decision to get into RE investing, and funny enough, secured my first rental property in Medford!

I may be able to help you secure a no-experience ground-up construction loan, even though lenders typically require someone with prior construction experience.If you're willing to reach out, I’d be happy to discuss the possibility of pulling some strings to get this project funded.

You could also consider seller financing, where you work out a deal with the sellers to pay off the remaining mortgage balance while securing the deed.All these options would help you avoid the risks of not holding title to the properties while also giving you access to the equity you've built.

Nothing was noted or said, other than make sure you have security in place.