PS Miss this MASSIVE garage.Here is a link with more photos for your pleasure.https://photos.app.goo.gl/np8LomRrNYDFzGsj8 What made you interested in investing in this type of deal?

Oh and this place had a massive garage!

However, it also opened our eyes to the massive potential that real estate investing can provide. 

Plenty of forums on commercial real estate and you came just in time as commercial landlords are taking a massive hit.

I agree it's a lot of money, and if you don't use the knowledge and network, it would be a complete waste of money, but if you get to work and work the system, it can massively accelerate your growth. 

Having your license in the market you're investing in is a pretty massive asset in my opinion. 

Do a little bit every day and over time you will see massive results. 

If this place checks out and there is nothing you are missing or red flags then I would say go for it and figure out a way to lock it down because very rarely in my career have I seen a place for $150k with $3k in rent coming in where the owner wasn't dealing with a massive amount of BS. 

Did you see such a massive increase in insurance costs this year? 

I will add though, that there is always a massive tax incentive in most municipalities when rehabbing or redeveloping historic properties.