I am in the process of getting my contractors license, and i could have it in a matter of months.

And having the loan under your name wouldn't matter either.  

It just a matter of how much rates drop and what rate is a good rate to refi for you. 

Be that as it may, I will stand by what I wrote as a practical matter.

(Rather than sell them and build 4 new models and parking spots.)It really shouldn’t matter?

So, if you buy in any city where rents do not outpace inflation, no matter how many properties you own, you will soon be forced back to work.What causes prices and rents to rise or fall?

But no matter the route you take make sure to budget at least 30% more than what you plan for.

It's just a matter of finding those deals.

@Rob Ibarra No matter where you look, start with the zoning and make sure you can have a food oriented business at the property. 

The legitimacy of the contract probably only really matters if you have to go to court/arbitration to enforce it.That said, your title company would be a good place to start in terms of getting a legal review, I'm sure they have a real estate lawyer(s) on staff or retainer depending on the state.