(Was a factory and then converted into a 3 family).

I get a sense that the area of the property is a major factor. I

Fix and flipping and wholesaling are really no different than a shoe store or a widget factory.

One other factor I forgot to mention as to why REO product is more scarce at this present moment.

The big factor is money.

If it is a business that includes land/buildings as part of it (restaurant, factory, etc) then in a sale he can break out the real estate portion and exchange that for other investment real estate while paying tax on the allocation to Furnishings fixtures, equipment, and good will.All investment real estate is like kind to each other so a vacation rental is fine as well. 

Another factor is timing.

Many VW factories world wide build three to four lines. 

To answer your question about vacancy, a lot of things help drive the vacancy factor. Is

First off congrats on taking this step,1) probably get all three at once its just not that much more money2)I wouldnt do it not worth the cost for such a short time3) I love these luxury vinyls if you have time it might be worth the drive down to Dalton Georgia (just south of Chattanooga) to get a deal on over stock from the factories.