Do you ever see signage near the road that says "we buy houses" call that number and have a conversation!

Quote from @Aaron Meyerrenke: Just curious if you ever ended up building? 

I have never pulled a permit for a water heater swap, know no one that has ever pulled a permit for a water heater swap, ever seen or heard about one getting red tagged for no permit, and have never had a plumber recommend getting a permit.

Quote from @Vince Scipione: Yes, they are a popular choice where I live and work, however with the ever fluctuating cost of oil heat, many people have swapped over their boilers/furnaces to what is called a "Propane Gun" essentially it is a device that is affixed to the front of the furnace/boiler that injects the propane and ignites it.

Definitely a strong location with great visibility and high foot traffic.Since it’s a NNN,  your expenses are minimal, but if LazyDog ever exits, buildout costs will depend on lease terms and the next tenant.

I would try not to tie up any of the principal in down payments.Personally, I had a family member do this same thing, but they used an investment portfolio as the collateral instead of real estate.If you play your cards right, this might be the only short-term money you ever need.Please let us know what you end up doing.

@Dave McIntyre were you able to / are you ever able to get access to the property after winning the bid but before closing (assuming it's  a vacant property)?

This is the only property we’ve ever seller financed, in case that clears up any questions you have about Dodd-Frank compliance implications.

My city is the worst it's ever been.

I have been a PPR investor since 2019 getting anywhere between 8% to 12% return over the years with no payments ever missed.