-based LLC for simplicity, but forming a local LLC in the country of the property might offer legal or tax advantages specific to that location.

Tack onto this, legal fees, preservation, taxes paid, etc and you'll likely be over 600K total judgement.   

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

University of Illinois Urbana-Champaign (UIUC) has seen record enrollment in recent years: it set its highest attendance in history, with over 57,000 students enrolled and in 2024 just had highest freshman attendance in history and keeps growing, Carle Hospital, Craft Factory (Warren Buffett approves), etc for diversity of economic drivers.

Do you have a pre-approval or cash ready?

Legal system here only helps the wrong side!

If you're familiar with stock options, this is exactly how call options work, although they only go out a max of maybe 27 months or so.My questions are a bit numerous, but I've ordered them roughly in order of importance for me: -Is this legal?

These USPS leases can be a bit different from regular GSA.Check out this list of USPS https://about.usps.com/who/legal/foia/leased-facilities.htm

I'm a member of GaREIA, they have a google group where experienced local inveztors trade tested (and mostly reliable) contractors, legal helps, strategy.   

@Darrell Kirby no approval is necessary.go to: https://www.michigan.gov/mshda/rental/housing-choice-voucher...https://www.affordablehousing.com/list-your-property/