I'd run it by a professional lawyer just to be sure.As you get a few deals under your belt you'll probably realise certain clauses you want added for extra convenience / security.

I am considering purchasing this property to get one under my belt.  

This crisis may cause some belt tightening, but I don't think it makes sense to not pay taxes.

I also suggest you get a verifiable mentor who has many deals under their belt and align interest with them.  

Whether someone is a new investor, has a few under their belt or is doing 100 deals a year, this is a great time to identify the parts of your business that you don't like and decide what to do about it.

It's worth mentioning he already had millions of $$$ and business success under his belt. 

:)Can't help too many on here with RE yet with only a few deals under my belt...but I can talk the stock market.

Start slow, get some projects  under you belt, and build from there.  

@Masa MoromisatoShorten the distance, if you need you have cash now, a MF syndication can be a good outlet it would mitigate your need to get financing, banks right now will only tighten the belt in the coming months, you have a high risk for just buying 1 or 2 houses for cash, depending on the markets you looking at it will dictate if you buying for cash flow or appreciation (Midwest Is a good consistent cash flow machine with limited value volotility)If you are looking for a steady return a syndication deal may be an excellent avenue and all you to build back some strength in lending and capital in the mean time.PM me any further questions

I had a 3 unit and 4 unit commercial building under my belt already (free & clear, no liens), and had wanted to purchase 2 apartment buildings with a combined 48 units.