I owned the rentals personally, but I had the C Corp charge me for my rentals a monthly fee, for managing the rentals and the Corp then pays my medical, auto , supplies and other bills.

An interested guy wants to set up an auto repair business in there.Is there anything I need to worry about auto repair, particularly environmental contamination.Anyone has experience leasing to an auto repair shop?

2) What happens if interest rate spike and your lender caps your HELOC and auto-converts to fixed rate loan - resulting in a higher monthly payment?

This is true even if the claim is not your fault, which is why people who get into car accidents where the other party was 100% at fault frequently see their auto insurance premiums go up.

I am currently under contract to purchase a single tenant, Advance Auto Parts building.

I kid you not, with the most matter of fact straight face and a raised eyebrow as if to say "well duh" he says, there cleaning up from the goat.... i say "the goat" which is honestly just my mouth moving on auto pilot because my eyes are locked in shock and horror at what I am seeing, they broke me, I am broken. he says "Yeah, the goat, it was a wedding party, we have the goat for the wedding, we killed it, gutted it, now I am cleaning it out". 

If they have a lot of hits on their credit report it indicates they are shopping around for a credit cards, auto loans, personal loans, etc., and may be over-extending themselves.

._________________________________________________________________________________________________- The recent auto manufacturing investment attracted $3.3 billion dollars to the state of Alabama in 2018 with expectations of creating nearly 5,500 new jobs, and the forest industry saw $1.3 billion in new capital and created 2,000 new jobs.

I am a 35 year old native San Diegan business owner with a steadily growing auto repair shop in its third year and a current staff of three.

I'm also making it easier for tenants to move into my rentals which makes my rentals more desirable and will reduce vacancy time.If anyone's interested in learning more, send me a private message.I like this idea, but Deposit insurance gives a third party the power over the damage repair money.I wonder how much red tape and PITA it will be to file for the Deposit insurance money, and how long they will take to payout, and how much they will auto-refuse to pay (like insurance companies do) until you press the issue hard.Plus how many 800 number calls to customer service located in Tim-buck-two will it take trying to get things straightened out when there is a problem.Still it seems like it might be a good blade to have on the Swiss Army Knife.