The TI credits might help you freshen up the place and update some equipment.

When I speak of heavy industry I'm talking about strategic self sustaining resource production such as steel, capital equipment for construction, petrochemicals, among others. 

If it is a business that includes land/buildings as part of it (restaurant, factory, etc) then in a sale he can break out the real estate portion and exchange that for other investment real estate while paying tax on the allocation to Furnishings fixtures, equipment, and good will.All investment real estate is like kind to each other so a vacation rental is fine as well. 

My wife wanted no part of the real estate investing world, so i bought her a bulk vending business that nets about $400/mo. 

My thoughts on the property: rezone for manufactured housing park, or turn into an equipment storage yard.

Added 3phase power to one of the warehouse buildings for tenant's equipment.

Tons of foresight and knowledge at your fingertips to make you far better equipped for the next project down the road.

A lot can go wrong in real estate (and life in general) and if you have reserves you'll be better equipped to weather the storm.

The home is equipped with a Nest, a Ring doorbell, and an X-finity security system.

I really can not wait to start in on this journey but like everyone else that is starting in this business it scares me a lot because there are so many number to consider and, I have a lot of family member that have done this and failed and I really don't want to see myself where they are at today. but to be honest that is why I have joined this community I feel that by reading the story everyone has to offer I will feel stronger and more equipped to do my first deal.