Getting a hold of that document would be important for understanding your rights, and 1sts generally prefer to be bought out rather than going to foreclosure. 

Mike lambert and I are two good examples of understanding your investment objectives.  

I understand that but my question was more around what types of income or profit can they be deducted against. 

That would be the best way to understand the pricing difference. 

@Allison Zittritschget started with a long-term rental first so you understand the moving parts of owning a rental and managing,  then branch out on the next one and get an Airbnb. 

Hi Nathan, It's important for buyers to carefully review and understand the terms of any seller financing arrangement before agreeing to the terms.

@David Friedman there are generally a few brokerages in each market that heavily deal in the restaurant space, it would likely be good to get on their radar, and to @Evan Polaski 's point, having your data/features on hand to "pitch" the site is likely a good call.Other items to note would be just to understand if the current configurations of the retail spaces could be reconfigured for a restaurant, things like grease traps, larger water lines, patio requirements may all be things they are looking for.  

I see it says this: "Basement has 2 separate apartments; one studio and one 2 bedroom"To make sure I understand, does this mean that this has three units? 

I understand the risks.

The electric company installed the new meter for free after giving me a credit for adding laying the conduit required for the 200amp to 400amp upgrade.As for the 1/2" (non fire code) gyp, my understanding of the code is that a 1 hour rated assembly is required between "dwelling units."