I co-founded a non-profit and my friends have a successful business that have been operating along the lines of a B-corp (North Carolina does not recognize B-corps although there was legislation in the senate last I heard).

We have not signed a contract yet...these are just the proposed terms.

Jesse Ventura once said "you can't legislate stupidity," and he was right.

I would to ask for advise. I am new to this. I'm actually in the process of buying my first rental property to rehad and rent. Aside from that, My boss at my current 8-5 job and I have discussed partnering up in flip...

Basing ones views on the worst and least likely scenarios, is like government legislating and gearing bureaucracies toward the lowest common denominator, or the reverse discrimination brought by Affirmative Action.

If sewer main pipe in the street is undersized for the flow you propose to discharge, the only way to get the plan approved is to pay to upsize the pipe in the street which will cost more than the building itself.

This can be true; but, I've seen the value both rise and diminish, depending on the scale of the proposed project.If you decide to sell, keep in mind that the inquiring agent will undoubtedly expect you to pay the commissions, thus affecting your overall cash to find a larger abode.As an added note: My daughters survived a small house; and, the wife and I are quite comfortable now and don't need to "downsize."

Great list @Ky Sharp If you are confident in your analysis and buying all cash the appraisal/bpo isn't necessary but an appraisal may help you negotiate if it comes in low.We like to have two or three mgt companies walk the property during due diligence and propose their mgt plan that includes a capex and/or repositioning budget.If the subject property and all properties nearby are the only things ever built on the land there you may not need a phase 1 environmental but if it's a large property and/or you're bringing in outside capital (lenders or equity partners/investors) having one demonstrates your thoroughness and professionalism even if one is not required.If there isn't a recent survey one it may be required but if one is not required getting a new one falls under the same considerations as above.We have gone to always having an engineer do the inspection even though it can be 2x what a non-engineer inspector may charge.

For those looking to learn more about our new securities environment this is an excellent read:For those looking to learn more about our new securities environment this is an excellent read:The article does a great job of talking through the constraints for issuers and the problems with the current legislation from a state securities standpoint.

From my limited research, it seems like focusing on areas near the proposed "light rail" might be a good use of time.