Set your investment criteria, systems, and rules—and stick to them.2.Tenant management is all about structure.

Want help finding lenders or structuring a deal?

Always good to see how each sponsor is structuring their deals as well. 

The seller requires a cash purchase & I’m exploring creative ways to structure the deal.

The challenge is that in US, for that kind of premium property, you have to shell out north of $3M.

Beyond real estate investing, BiggerPockets Money has great episodes on how to avoid the middle class trap with your investments - ie how to structure your investment best so that they're not all locked up in accounts with penalties until you're 65. 

This will not qualify for 1031 Exchange treatment under the present structure and "use." 

You can get very creative with structure to make it a win win.

@Charles Evans, definitely keep all paperwork associated with your tenant (lease, receipts, etc).For expenses that are not split per unit but are for the entire structure (utilities if not separately metered, mortgage interest, etc), keep a record of those payments so your tax pro can deduct a percentage of them for the unit you're renting.

This is prime real estate, and is just about the last piece of land in this area.I have begun to develop a commercial property that I own with contractor garages, which is the extent of my experience in this space.I'm trying to get a sense of how to structure something like this, with using LP's, and also partnering with a builder, and carving something out in that regard.Does anyone have recommendations on who is currently working in this space and could provide some insight?