That would be worse, given it turns this into a mixed use building and has environmental hazards.5% 30 year mortgage on a apartment building?

The first step is to collect data on the property including zoning, wetland, soils, topography, utilities, perimeter survey, easements, micro/macro market info, environmental, assessment information and legal issues.

We're planning a LEED compliant green building with 6000 sq ft footprint, 3 or 4 stories.

Paid $120,000 and spent $1750 for environmental cleanup.

In heavy rains that property no longer had the water rention it did due to the footprint of the addition and additional paving.

There are appraisals and environmental surveys that will need to be done, too, and insurance to buy.

I agree with others as well that the CCIM course is just a given, for $80.00 (surprised it's that cheap) that's just a requirement for a novice investor.I have never taken the course so I don't know what's in it, but hopefully it will guid you in different types of leases, insurance, performance bonds, maintenace issues, regulatory issues with types of buildings, EPA and environmental studies, etc.

Small footprint, detached, Association maintained.

Not only does it pose environmental and economic risks, it's just not a long term solution to our energy needs.

It can be converted into a duplex but cannot have the footprint changed.