I have had partners in various business ventures and I really am a big believer in partnering I have a General contractor (unlicensed in my state ) but licensed in hawaii I have been working as his laborer on one of his projects in return he gives me a pretty good rate on my work and renovations I have four properties and he has dived into them and really been very valuablethere is a dark side to every story he has a bad habit of over promisinghe means well but he just cant get projects in on time even with me helping and I am there I can see how fast he moves and how hard he works and even with my help we are weeks behind.I dont get mad because I believe in the long run I will be able to estimate his estimate and figure out the actual completion timesanother dark side is that he knows a lot but he also has missed a few classes for example he installed my laminate flooring and he knows all about how to measure and accomodate walls that ride out and floor levelling but he is cutting around all the door jambs instead of cutting out underneath them.it looks like amateur hour.in the interest of time and money I am going to let this go this time in this apartment but the next apartment I will insist we use a saw and cut out underneath the jambswhat is my point in my rambling?

Make sure you own the land underneath and that it has potential and don't leverage.Be prepared because mobile homes are management intensive and break all the time.

And I mentioned earlier in the thread that the flooded the master, resulting in me having to pull up brand new LVP and replace because they didn’t tell tell me as soon as they noticed an issue (floor is floating so water was trapped underneath, for some reason didn’t think I’d care to know water was seeping up through the baseboards).

Or if I'm lucky, there's hardwood underneath that can just be refinished.

Being paid for preparing comps is not illegal, provided you're talking to a broker, and not an agent underneath a broker.

If there's hardwood or laminate, you're probably looking at prying that up as well to replace some of the soaked subfloor underneath.

I'll be heading into the Jacksonville area in November to get my feet back on US soil and invest in my first multi family.

You don't want to waste money like that if what is found makes you not want to buy the property.If there looks to be no environmental issues and a lender just wants an updated report to do a loan then that is a different situation.The new dry cleaners or the conversions use green practices that are not supposed to contaminate the soil or area.Even if a dry cleaners as a tenant is not there it might have been at some point of the centers history.

This is a good deal, but I'm wondering if I should negotiate on the price during the option period as this is a condo and I will not be getting the land underneath the home as I would on a townhouse.

What if you buy a property and the next day a sink hole opens up underneath and swallows the whole thing?