This kills the plan to extract the costs via a refi.   

Read this article to determine if an LLC or an Umbrella Policy affords you the best liability protection:https://www.apartments.com/ren...From a commercial lending perspective, the financial performance of the properties will be more meaningful than the LLC itself. 

They hope you only catch 3 out of 10 things they are hiding etc. and will still extract more money out of you on the sale.This is why if it's a listed property working with a commercial broker who looks over these things everyday is worth it especially if the seller is paying for it.

When buying any commercial property of any meaningful size, you cannot skimp on due diligence when it comes to leases.  

The only problem is that he does not own any of these properties, except for a deli and a small strip center which does not generate any meaningful amount of rent.

I would much rather have  a larger piece of land 1/2 to 2 acres that I know I can extract much more value out of.   

Personally, I think every investment should be treated as a business....If its not, you can't reasonably expect to extract the greatest possible ROI. 

Ok so there's a vacant hotel in a Cleveland suburb. The hotel and the suburb will remain nameless because it will be easily given away to those familiar with the area.  This is an old hotel built in the early 70's it'...

Good vendors should be able to complete the build-back within a couple of days after the water extraction team is finished.This is one of the major reasons that I always recommend to our clients to preemptively replace any water heater that is more than 10 years old.  

Appraiser must extract value for all features/improvements from your local market.What do your comps have, that this property lacks?