@Tim JohnsonThere are essentially two ways (and a few variations) to purchase this deal, depending on how the owners are selling it:As a going concern:  In this instance you are buying the business, so it is the business you evaluate: assets, liabilities, revenues (historical: 3 - 5 years), operating costs (historical: 3-5 years), future financial projections, goodwill, etc.    

Given your high net worth these may be minor considerations as long as things progress positively overall.

It's amazing what one high-quality restaurant can do to uplift the rest of the surrounding neighborhood.For what it's worth, anyone investing Minnesota should be aware of The Development Tracker - this publicly available resource shares great development information about proposed, planned, in-progress, and recently completed commercial and residential projects around Minneapolis, St.

Follow a structured plan to get pre-approved, work with a real estate agent, and evaluate properties.Good luck!

It was called “Evaluator” by PropertyTracker.com Not sure if that app has been updated in a while but I still use it.

It is also a low-risk way to learn all the principles of real estate investing with very limited risk, gain experience with evaluating, buying, repairing, renting and managing a property.

This is because each property is typically evaluated on its own merits regarding the services provided and the level of activity involved.

I recently joined the community and I'm evaluating a property with the rental calculator tool.

Jordan.. all you young Entrepreneurs need to be forming little co ops and buying dirt in the path of progress thats where fortunes are going to be made.. 

Hey all, Yes you should always use the 3x rule when evaluating if a tenant can afford your rent.