Certain lenders could impose limitations or demand that you settle the current mortgage prior to executing this kind of transfer.Make sure your property is adequately covered by insurance.

The natural gas boom in the area has brought a ton of out of town workers who need a place to rent.

They will often want a new building constructed and building today with labor and materials is very expensive versus retrofitting existing building.When I buy value add vacant buildings the goal is to double the return on investment within a 3 year period.So if I can use the existing building and retrofit to same concept ( example previous burger inc. but now Whataburger wants to come in ) then not as much tenant improvements to convert.So if rent 20 a foot for 5,000 ft that is 100k NOI NNN a year. 7 cap value is about a 1,400,000 stabilized valueSo if I buy it for 400k and have 300k in it more 700k to get new tenant in the value is then around 1,400,000 based on NNN 20 a foot and a 7 cap rate exit value.If you want a premium price then you would need to sell to an end user tenant ( regional or national in nature) that wants to buy the building and put their concept in there.

In all, we were able to do a cash-out refinance after 1 year and got our entire investment, including down payment, back into our personal accounts and we still have a cash flowing property.The beauty of smaller town and communities is that often big-time investors are not looking at them as closely and they can cash flow quite well, at the sacrifice of "natural" appreciation.

You can have someone bring in an adequate generator to test whatever you feel the need to test.

I have tried to make the numbers work in our area and i cant get new construction for rent to deliver adequate cash flow. make sure you are calculating your costs properly

have you looked at new builds in columbus as a strategy given the competitive nature of other strategies you mentioned? 

I have some experience working on flips for an investor so I dont feel the need to hire a GC to run the projects especially if they're mostly cosmetic.Sure, if it's mostly cosmetic, and all of the subs have adequate liability and workers comp coverage, then you should be okay.

Numerous costs are associated with real estate transactions, so it's critical to have a clear picture of your financial status.Due to the constant nature of the real estate sector, it is imperative to remain up to date on new tactics, market trends, and industry developments.

That's the nature of the business.