Personally, I would be happy with that deal, even if all of the managing fell on my shoulders.

Your real estate attorney should be the one looking over your shoulder on the legal side to make sure you aren’t being taken advantage of and then your property management company you plan on having should look over your shoulder as well during due diligence.

Of course Papa John's once they found out I was experienced and would not be opening or looking into opening high risk locations just so they could add another store I got the cold shoulder which is to be expected............ : )I asked if they sell their corporate locations and they said generally they do not.

Many details need to be solved, but that usually falls on the shoulders of the contractor and sometimes the architect.You are sitting on a gold mine!    

Every situation and property is different and must be evaluated independently in accordance with the level of risk you are willing to shoulder.  

@Brad ChandlerNot adding any revelation here.. but from looking over my wife's shoulder maybe FB has fostered a "mindless"ness that the bulk of the eyeballs just aren't the sellers or have switched mindsets to not be thinking "important financial decision" needs to be made.LOL.  

Either way...I think the general consensus is that you (may) have a decent deal and it sounds like you've got your head on your shoulders when it comes to analyzing units...nothing left to say but get going sir...and post some after acquisition accomplishments for team B.P. to see...again.

Of course the dealer tax, meaning the value of the note is seen as ordinary income in the tax year it was produced... that I shoulder all by my lonesome... that is a IRS tax... gotta pay for the wars (which are a bailout of sorts), bailouts, handouts and all the rest of the good stuff the FEDs are spending money on these days...

She is much smarter and has a great head on her shoulders.

I have yet to find my first motivated seller but once I do I really do not want them to feel like im just a sales man trying to snatch there property from them , I want them to feel as if im lifting a  burden off of there shoulder.