In the end we had to pay to turn the space back in to a white box/shell and closed with basically zero physical assets.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Typically corporate/bank owned homes are managed by an asset management company.

I think the testimony of many on this web site would indicate there is great financial benefit from taking either of those approaches.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Id like to put a HELOC on it or redelop it after a few years, the whole points of purchase is this is a booming downtown area lot of development rights etc, dont want to be in a financial structure that banks will frown upon. 

Don't limit your future financial freedom to just where you live today.

With hardwork and ceasing opportunities we've managed to be part of this major asset and making it even better.

With hardwork and ceasing opportunities we've managed to be part of this major asset and making it even better.

Anyone answering is not responding as a Tax accountant, Insurance expert or as a Financial advisor.