I recognize there is tremendous risk in pursuing a development and lots of possible pitfalls, but we hit the jackpot with the location and to us represents once in a lifetime opportunity to remain owners in a prime parcel of urban city property that every person I have consulted with in real estate has agreed should be held on forever given its appreciation potential. 

By my math it’s a good deal for him as he is essentially a wash between his lease rate and his annual distributions from reinvesting the proceeds; no capital gains exposure and has $2.98m working for him at a healthy 10%, and exposure to a sponsor relationship that has tremendous, yet intangible value.

I trust that you'll find tremendous tax saving opportunities simply by hanging around the BP forums, and even more so by engaging a real estate savvy CPA. 

Cleaning, decluttering, and staging will help tremendously.

Thank you for answering, knowing this helps tremendously.

However, if the house is built with wood, just know that the flood has affected the structure of the house tremendously.

Learned a tremendous amount and look forward to taking you up on your offer of seeing the progress of how you flip properties. 

That is a tremendous deal. 

I’m not affiliated with the Real Estate Guys organization, I just enjoy their events and I have benefited tremendously from the education and network.1.Engage with people emotionally to get them to open up intellectuallyA potential investor might tell you “I’m looking for at least 10% cash on cash return and 18% IRR.”

I won’t have a solid income and that worries me tremendously in case I do have vacancies.