Another option is assuming the existing mortgage, which would involve contacting the current lenders to explore formalizing the arrangement and having the properties deeded in your name while taking over the loans.

This perspective goes beyond merely buying and selling properties; it involves a strategic approach to wealth building and risk management.

They found that involving a mediator helped open lines of communication and resolve the issue amicably.Remember, every challenge is an opportunity to learn and grow in your real estate journey.

Do you want to be involved or mostly hands off.   

I think if there is a lender involved, when it gets to underwriting, they will deny the loan.

For due diligence, since you're new to industrial real estate, it’s best to engage a third-party firm that specializes in property assessments or partner with an experienced investor.To structure your involvement, if your spouse is a licensed agent, she could act as the buyer’s agent to earn a commission.

.: Election…Surely you’re not implying politics are involved ?

An activity is a personal service activity if it involves the performance of personal services in the fields of health (including veterinary services), law, engineering, architecture, accounting, actuarial science, performing arts, consulting, or any other trade or business in which capital isn’t a material income-producing factor.7.

If there are any partners involved, get an attorney.

If you're already pre-approved, I would recommend verifying that your lender can service a non-warrantable condo and is keeping the loan in-house.It's completely normal to second-guess a decision like this—there's always some speculation involved.