My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).  

Draws in good demand for long term rentals as well as appreciation. 

Hi David, If building long-term equity and scaling quickly are priorities, then option 2 aligns better for you. 

Offering to compensate them for their time can go a long way in maintaining a good working relationship.Let me know how I can assist further—best of luck with your project!

Find out what financial problem you are trying to solve in the short term until your able to get to more "long term" problems that real estate helps with 

As you can guess, I’ve been in this space for a long time, coaching and investing, and I would be happy to help if there’s anything I can do to support you, just let me know!

We don't have them recorded, just signed as another layer of protection. 

Most people that have been in school as long a you have develop high standards for themselves and others. 

A long term rental is a simpler business model because there is less turnover and the property alone is what is marketed. 

As such, you qualified for a truly self-directed Solo 401k plan (as long as you don't have any employees working for you).