It's felt like a huge burden has been lifted off my shoulders, it's well worth it! 

Thanks for the mention JayYou're a great man and it's an honor knowing you 🙏For many years my why was to prove others wrong.Having quit school at a young age and being bullied for most of my childhood I had a chip on my shoulder. 

Alternatively, you can approach the Vendor about shouldering {some of} the cost of the Phase I.

But absolutely not a place for good cash flow.Seems like the double edges sword you get in most ski areas and northern areas.1) Huge dead shoulder seasons. 

Kaufmann Property is definately head and shoulders above all others here in Ft Wayne.

When I tell them that the creator of the 401K Ted Benna HATES the 401K and calls it a MONSTER they just roll their eyes.Here is how my world works... only about 5% of the people I talk to actually research anything I say, and of those less than 3% actually do anything to take advantage of the things I tell them.On my "Build a Bigger and Better Life" page on Facebook I share all kinds of weird and off the wall ways to make extra money so you can invest in real estate (as an example... 1 bed 1 bath condo/apartments are NOTORIOUS bad real estate investments the turn over is a nightmare, but if you buy a $35,000 1 bed 1 bath condo in a vacation hot area and furnishing it, then rent it out using a AirBNB property manager you could have a cash flow of around $1,000 to $3,000 a month after all cost... if the local government flips and out laws short term rentals just rent it out month to month on AirBNB until the local government get a tap on the shoulder from short term rental lobbyist and then go back to 1 day rentals.

It was a huge weight off my shoulders when they moved out, and I got a great tenant after that.You're getting good advice above from @Matthew Olszak, @Leslie Cambre & @Kyle J.

I would buy something in the SW shoulder of downtown.

There is a true story that bothers me many times every year and the story is about a man who was walking down stairs with a rifle swung over his shoulder.

Buy in decent markets, use conservative underwriting techniques so you can have confidence in the deal, and possibly get a more experienced operator to look over your shoulder.