I do believe that whatever office you do choose my two factors were what are they going to pay me and who are the top producers in the office I can learn from including the managing broker. 

The 4 in 4 and 8 in 8 which was just really 4 more 4 in 4s is just a way to produce predictability.  

 - It is zoned commercial - asking $565,000.00- we would like to covert from a law office into a fresh produce market - I believe he owns it free and clear 

Try to stay focused on income producing things.Do not cut any corners to make something better looking.  

One thing you should have a solo 401k and be maxing that puppy out.. the buy GREAT performing notes in it.. and or as other suggested do some syndication investments.. those are ALL about the sponsor.... you need to be very careful who you pick when you do those.and a Roth IRA as well.. go see a real good CPA and do some planning... if you like flipping nothing wrong with that.. but buying some income producing assets will help on tax's just depends.I would also look into MHP in those areas those can be a very nice little cash cow machine ...

As @Alon L. said, we don't know what the contract required as far as seller produced disclosures, leases, etc.

Would the cash flow Im producing be enough to qualify for a refinance?

People get this crazy idea that any property will produce positive cash flow and will make you money.

There is no specific guidance as to timing, and one does not need to fix up a house for it to be considered a flip.By contrast, property that is held to produce passive income such as rents is considered a passive investment asset.  

If it does NOT have any debt on a income producing property will help you weather the storm.