Speaking strictly from an analysis perspective the property is worth investigating further.However, I would strongly consider the type of area it is in before anything.

Peter thanks also for the perspective!

Having a history as a credit analyst I think you'll get what I am about to lay out pretty clearly.1) From a lenders perspective you have "no" experience managing anything close to this size of an operation.

Shariyf Grevious Thanks for your perspective.

Comes in handy for due diligence purposes like in your case or when a perspective tenant asks "how much do the utilities usually run". 

From one newbie (fresh face to another, lol) Welcome to the BP family, Shaketa.

Happy to offer my (non-CPA) perspective.

I'm very fresh to this so I just want to make the best decision.

@Sarah Lorenz @Karen Margrave Thank you for your perspectives on the builder's possible role in this deal.

With any entity consideration, it's always good to consider things from 1) Insurance, 2) Taxation, 3) Legal, 4) Financing perspectives - would be fun to get your attorney, insurance agent, banker/mortgage broker and accountant together in a room and get the lowdown on S-corps, LLC's, trusts etc, to see how they consider each of these from their viewpoints!