By the time you are done converting a double-wide into a SFH, you have spent as much as you would on the same sized SFH.Best of luck!

It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?

Is this a good idea, and if so, how exactly does the re-finance portion work?

So, if you already have substantial sized company...what is your current bank providing you?  

I'd be more concerned about the size. 

I don't think the "average investor buyer" would ever consider negative cash flow - that being said, there are probably a portion out there that will do so for various reasons/strategies, but its going to be a smaller slice and not part of the main profile

Will it be very complicated to do a 1031 Exchange for my portion (provided that we relinquish the property and the sibling just receives the cash for her portion)?  

Now I say this assuming the size of your partnership is not in the millions.  

Talk to some local PM companyAccounting - 1 size fit all or you can have multiple ones that handles the property level and the corporate level.

I notice a lot of competition from beach front condos of the same size.