I would keep it simple and avoid these highly sophisticated, high hassle-factor (managing 'partners'), high transaction cost at high tax-rate ventures.  

You can't assign that to someone else and expect to extract that familiarization of your marketplace from an outsource virtual assistant.Now I do outsource the running of sophisticated analysis work when I need the analysis to be in an Argus file.

Ultimately, whether a reasonably sophisticated seller is willing to leave the debt in place is a judgment call on whether the buyer can/will pay loan if necessary.  

Depending on the sophistication of the hospital, you *might* be able to get around that by calling the main number and just asking to be patched through to your tenant's room and say you don't know the room number.  

At the same time though, there are more sophisticated and bigger wholesalers with actual systems that help make getting a deal and actually closing it fairly simple. 

And those sophisticated enough to realize this will expect these types of soft cost.Its the same when I develop a subdivision  I don't even take it to the bank until I have pre approvals.. which in our state runs on the low end 75k to high end of 125k depending on Scope..

I am probably no where near as sophisticated as a lot of the markets out here, but what I do is 100% focus on pocket deals or off-market deals.

In order to invest in a stabilized commercial property, there has to be an arbitrage between the prevailing interest rates and the cap rate, creating a return (highly sophisticated individuals will occasionally buy negative cash flowing value-add investments, but this is uncommon).

And also, BP Pro members are more sophisticated (I think) so they will strive to do this right.In my next posting (also reserved for BP Pro members), I will show you the Bad Things about the above strategy, how to avoid the pitfalls and minimize your risks.What about you BP Pro members?

The perception of risk and the actual risk can vary and if the perception is lower than the actual risk (I think this is happening today) than you take the money.5) Even the most successful people have a limit on what they can do with their own capital or what people will lend them.