Most of my available funds are tied up in this project.The house is in a pretty bad part of town, but has gotten a lot of press that it is turning the corner....warehouses converted into artists' studios, a brewery, and pubs and more upscale restaurants are now there.  

But I could buy a restaurant, buy the building and sell the restaurant to another entrepreneur, trading my down payment on the property for a great building with a highly leveraged, lower interest commercial loan. 

It's in the middle of a 15 block square of the city's best bars and restaurants (about a dozen in the last few years). 

I love Charleston and there isa great seafood restaurant.

Retail strip centers, Office / Medical buildings,  Restaurant buildings, Gas stations,  industrial office.Of course, the Cap Rate  ( income % ) is an important factor for me.So, some thoughts on Las Vegas investments in the $1.5M-$3M range ?

 I'm currently working as bartender at a local restaurant, so I do have a job.I'm aiming for properties that can be forcefully appreciated in value through rehabbing and be deemed as a reliable cash flow investment so that when I turn around to sell it, I'll have the option of leveraging the 1 year lease, or whatever the situation is, at the negotiation table.

A C-Corp will pay corporate taxes on income, but it may be more frequent than once per year.Real estate flipping income is not treated any differently than any other business that buys and sells inventory (shoe store, restaurant, car dealership, etc).

The condition, town sewer, system update, 3rd floor walk-up and great in-town location to schools, MBTA, EBSCO & restaurants – makes this a very desirable property when completed.

In my home town the McMenamin brothers are very successful taking old schools and turning them into hotel / theater / brew pub / restaurants.

My wife and I ended up with a barn story also. there was this barn built in 1799 and converted to be used about 20 years ago as a high end restaurant.