@Bryant BrislinHi Bryant,If California or the city requires you to move and store it, maybe think about offering him $100 to buy it from him and then just call Goodwill and let them move it.Less cost to you, and he could probably use the $100.Good Luck!

You can get a separate appraisal on the business, but it's normally goodwill, or the purchase price less the value of the business assets.

A professional photographer (if they're good) will do wonders for making the unit look attractive, so that's definitely a good idea.

One thing to always keep in mind: as soon as you pull the trigger on a deal, one that's twice as good will immediately come along, and you won't have the cash for it anymore.

I thought the whole concept of a mentor was that they give you guidance because it promotes good will and that since this business is built on relationships it’s good for seasoned and newbies to come together.

I could probably wake up tomorrow and this would change :), so don't quote me on this, but i think the one thing i can mention in this area is this: When you're trying to do a loan mod, don't be blinded with the money coming in (i.e. don't get greedy), you might get a good deal on the front end, go celebrate for a couple of months, until you wake up and realize that this deal did not match the home owner's situation and he/she is in default again.I always try to make the homeowner put a price they are comfortable with and i try my best to knock-off 10-20% of that monthly PMT to show goodwill and show that i'm trying to keep their homes by allowing them to make their payments on time. 

The targeted area includes mostly undeveloped or under-developed land around our local small airport as well as some more retail/commercial/office areas in a nearby more densely developed commercial district that is a mix of run-down industrial-ish buildings (building materials, feed store, Goodwill), banks/groceries/fast food, services (dental, tax, etc), small older strip malls, a few empty/torn down lots, and some new and nicer retail and low rise office buildings, including a brand new grocery being built on a recently relocated Ford dealership site, etc.

I don't want to wear out the good will of my family with stuff I can learn on my own.My main interest is in rentals at this time—smaller multifamily and apartment buildings.

I'm going to approach it as an opportunity to build goodwill and be their back-up if the listing doesn't pan out.Thanks for the great feedback BP'ers.

I talk to people and hash out ideas and concepts; however, to fully review and go in depth and start setting everything up, yes I charge most who are very good will for that kind of work.Feel free to ask if you have some general questions, I'm always on here to answer.