Please let me know if you need any connections I have a huge network still in KC.

I will continue my due diligence process and you both have helped me gain more confidence with my decision to start working with Praxis.

Hello Anique,We still have it up for sale while I go through the rentredi processes I will turn it into a rental while the land lease gets worked out.

On the other hand if they are a sponsor that is experienced in stopping a skin in the game, that's a huge red flag for me.c) how open to scrutiny are they?

It’s a huge renting point and can help you get bigger rents.

When i read about how their deal was really messed up with most investor probably going to take huge loss's its not shocking.. you have to stay right on top of these and have the manpower to do it.

It was just a waiting game going through the foreclosure process Lessons learned?

Always invest in your backyard @Dina Mazur - you have a huge home-field advantage I would not give up.

In 2021 we bought the building for $1.5M using private lenders, pushed the occupancy from 50% to 80% occupancy and it appraised for $3.125M, allowing us to pay back the private mortgage.Right now, we are in the predevelopment process of design and piecing together the capital stack for the redevelopment deal, which will be made up of historic tax credit equity, RestoreNY Grant, DRI Grant, etc.

I feel like it would be great to trust a property management company on all of this, but it would be hard not to step in if you could do a better job at screening bad tenants (eg screening HUGE future problems).I initially managed properties myself, but now I delegate that responsibility to my business partner, personal assistant, or a property manager at my brokerage.Most PMs I know will send you an applicant for final approval and you can get on the phone with them and ask them questions