Your insurance company will not take a claim on them as "Building" damage.2. 

And they remain owner and control the funding aspects.

1. If you had $50K in a Self direct IRA how would you leverage that to yield short and long term dividends? 2. Do you know of any HML are non recourse in San Antonio? Thanks!

Quote from @Aaron Wolman: I would call the companies (gas/water/electric) to get estimates, or an estimator out there.

What if it is 90% occupied with employees of one company.   

This is a good opportunity in a strong market, and with your excellent credit and HELOC funds, you’re in a great position to make this project happen.

One risk I could think of is - Even witb a 20 year guaranteed lease, thr company could bankrupt & may put me in a situation to look for a tenant.

They must first move out, leave the property broom-cleaned, and then they can pick up the funds at our attorney's office.Most won't agree to all this - so they are liars.

Quote from @Adrian Lammersdorf-Scioll: I'm helping a buyer right now that works int he hospital get 5% funded for them on a home, that may be something to look into, it's called hometown heroes here in Florida.  

I also have some cash reserves that I plan to dump into a contingency fund for each unit.