In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

Of course, I had to make additional assumptions about the cost of property taxes, insurance etc. 

Those are some of the unique things we offer in addition to helping each investor build a strategic investment plan & roadmap to achieve your specific goals.

In addition to managing a diverse portfolio of rental properties, we've successfully flipped several properties in recent years.

Your background as an electrician and experience in general contracting and project management will be incredibly valuable in the real estate world.

If you have extra money that you haven't earmarked for additional RE I would do TSM index funds for a truly passive investment. 

I won't go into all the details, but there always ends up being a significant problem in the documents I get or don't get, in negotiations, etc, and the trigger never gets pulled.For a variety reasons in addition to the above, including my wife's encouragement, I've decided to take a serious look at going the real estate route instead.

Otherwise, you may need to replace a water service (13-15k), electrical service (10-15k) and upgrade wiring (This is a tough one, but maybe an additional 8-15k inside).

To support my seller and seize a valuable opportunity, my business partner and I decided to purchase the property ourselves.

If it were us, we would keep the property and take out loans against it for investing in additional industrial property.