A friend of mine in San Antonio had a similar situation.. she inherited a vague commercial lease and learned that the rules differ big-tiime from residential.

Reinforces the reality I thought we were living in vs what my landlord friends who bought in 2020/2021 have been saying to me ie just do it.

Your relationship with an investor-friendly realtor will be crucial here.4.

Watching your moves like a hawk and hoping to learn more lol thank you friend.

Maybe seller holds a 2nd, maybe partner with someone, maybe get some F&F (friends and family) money, maybe offer a higher rate for the 2.5 years the 2nd is outstanding. 

Some of my colleagues and friends bought millions, others tens of millions, and some hundreds of millions (or Billions) during that period.Real estate is a funny game - it tends to go up, yes, but it does not always go up, and it can go nowhere for a decade or more, as a lot of apartment complex purchasers from 2021 are about to find out. 

One of my close friends in the busines had a similar setup.. her husband was also a contractor, and together they tackled a fixer-upper that ended up netting them a solid profit on their first deal.When you’re hunting for the right property, I’d lean on a realtor who really understands investor math... someone who’ll help you break down potential cash flow or resale value.

I would call or email a specialist in FIRPTA such as "Tax solutions FIRPTA consulting" in Katy Texas, since they can answers all questions about the law plus investor friendly lenders

Do you know the area very well or have family/friends that live in the area?

From what I've heard, CA is very ADU friendly so check with your city on what's allowed.