Same thought on buying an existing location.We use a Wagon Wheel and or Linked approach to competition. 

@Mike Dawson, I presume that you are attempting to file a BOI for an existing company, that is, a company that was created before January 1, 2024?

I understand that because I will be taking on an existing lease, I will most likely not have the opportunity to do my own full background check.

I had my existing tenants apply and pay the $110 application fee.

I'm confused, I thought buying property subject to meant taking title (a deed) to property that had an existing loan on it that you (the buyer) were going to make the payments on. 

ElenisDoesn’t seem like those exist on the east side (east of the river)?

Building is a lengthy process that requires coordinating multiple aspects, which can be time-consuming.On the other hand, buying an existing property is generally cheaper upfront and offers the advantage of immediate availability, so you can move in or rent out quickly.

If land is at a discount there may likely be extensive sitework costs - if you purchase an existing complex in a good location your improvements will increase rents/value with the opportunity for conventional financing. 

Thomas S. the same requirement exists in almost every jurisdiction in the US as well.

Your strategy was (is) to make no payments on the mortgage and live there with no monthly mortgage, tax or rent expense until a lien holder foreclosed, which you believe you’re protected against because the borrower on the existing note is in active military service?