Move into the house for a while (there are spare rooms) and get a better idea of what is going on.

I'm looking for advice on a situation with an investment property my business partner and I purchased in June 2024 under our joint LLC in Springfield, OR.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

other ideas?

The real wealthy people are quiet, unassuming, running their business and not their mouths.Keep networking, educating, and growing.

I was conducting an extremely seasonal business and after 8 years of operation the business was insolvent. 

But I like the idea that everything's under one roof with their Platinum package and get unlimited consultations, emails from their legal team as opposed to billable hours.

Brookline: Solid throughout city neighborhood with its own business district.

Not to mention the idea of my “business†relying on my friends and family also being suckered into signing up is just appalling.

The hang up is getting deals formally drawn up.One idea:- I buy the property and pay 25% DP, then they provide capital after the closing and I pay them P&I over 5-10 years.