That's a giant red flag for that grocer potentially declining to renew their lease, vegan gluten free customers don't want to walk through a cloud of cigarette smoke to get to their ethically sourced non-GMO organic avocado, and obviously the "no smoking within 50 feet" sign is going to be ignored by the customers of that neighboring business, who are all a bunch of smokers.

My aspiration is to explore all potential avenues to turn this property into a profitable asset.

@Patrick O'SullivanSome ideas that I can think of that I have been apart of are best landlord practices, market trends, any potential regulations that might affect sales, management, operations etc. 

Investment Info:

Other other investment.

Purchase price: $14,300

Cash invested: $14,300

Multiplex developer property near waterfront.

Do not defer repairs if a potentially dangerous situation arises.3.

For anyone who has read my last few posts; I've been struggling with finding funding for a deal in my pipeline.It's an incredible deal: off market, with insane value-add potential, motivated sellers, under market asking price, and the ability to cashflow $2k+ after rehab.

As long as the LLC member(s) are active participants in the rental operation, up to $25K in pass-through losses can be used to offset other ordinary income on the personal 1040 (subject to MAGI limits).

This would allow you to retain the benefits of a partnership while potentially offering more flexibility in financing options compared to an LLC.

Extended holding of an asset without a potential buyer is very much holding on to hope.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.