They offered a 20 % interest premium and 5 % profit sharing (i know too good to be true and there is something wrong).

Once you know what funds you have and what you need, you can then start shopping for that first flip investment.

If you are hiring a one-man shop, the odds of that one-man being able to put the effort needed into all the areas needed across 50 or 100 units is very rare, much better service with a team that can take 2am calls and deal with villages etc.

We are a small shop in the Philly market and we try to stay in our lane. 

David's opinion of Linden as an F area may have been true when he lived here but I would not agree with that at all anymore.  

It's sad but true. 

I am also considering just running the convenience shop for awhile and later adding in the gas station if it makes sense. 

.), rentometer, and calling competitive properties to "price shop".

Very strange, seems like if it's true its one in a million.

And when you're shopping for your replacement properties in your 1031 exchange you'll also want to pay special attention to the current insurance on the property.