I think the rail trail is more likely to happen than not and it should have a very beneficial impact on the value of this property, but it could be ten years away.

When I started out I had no experience, and no mentor, so I actually wrote out my business plan which forced me to go out and get the information that i needed, and forced me to think about and begin to incorporate how I was going to make my business stand out.

The owners of the sports leagues and teams hold city governments hostage by threatening to leave without a new stadium being built which forces the city officials to deal with mobs of angry fans who buy into the BS marketing put out by the team that the stadium will "raise" revenue and "create" jobs and has all these benefits to the city.

You're just over 10%, maybe, but in commercial there can be other factors such as forced appreciation that can be accomplished rather quickly, unlike residential values.

This also lets you "cash out" some of the forced equity while recouping at least some of your cash investment (rehab, holding costs, closing costs).The 2 critical keys are 1.

Variances, formerly known as tolerances, are changing and this will force more fees into the 0% and 10% categories.

It'll impact his credit but at least you're helping him and yourself (networking). 

The purchaser tried to force the sale at the 100k lower price. 1.1MM instead of 1.2MM asking price.

It is not as simple as saying 115 sf because you have waste, cuts, and other things that can impact the quantity. 

The 45 day identification period of course starts with the closing of your sale so that really doesn't impact your selection and involvement of the QI.