He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

This has produced the large majority of my business so I am looking to put more into it.

Very interesting closing! 

Do you get interest on that money that is sitting there in your home? 

I am interested in utilizing space again for group meetings, workshops, and for clients who may still desire private space.  

I battle with this a lot!

@Sean OToole    this is an interesting post Sean.  

Right now, I’m actively learning and planning to start my first projects this year.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

I’ve seen situations like this before..one old friend of mine in Austin had a few industrial buildings where the cash flow was decent but not dazzling, and he was itching for a way to ramp things up.