Residential and commercial real estate investing is not even in the same playing field. 

Sounds like a good value add play but you would have to consider the costs in cash and effort 

I found this deal through networking while playing basketball.

If you don't want to do 1 or 2, see below.I think you are playing with fire right now.

I really need a play by play, please. 

Luckily the guest plays for the NFL and is going to pay but my client self insures and had no coverage. 

e-cigarettes on a counter does not mean they are being used on the property, its assumed though.I am thinking this is the play...

This is why development is the riskiest game to play in real estate.

Cant find anyone in NJ to work with... might have to move to miami to work with you lol Rentals in the mid-west has been and is still the play, I am from LI originally, have not touched that market in 15 years.

Age or properties, appraisals, past credit and business experience could also play a role.