You just need to learn the fundamentals so you can minimize risk at the same time.I would take a 30 year loan over a 15 year loan any day, especially with the rates being so low.

I came back to him with an e-mail citing the law...and he responded saying his client would be out by the end of the month. 

@David E Gardner You have made some great points In Las Vegas last year they finally allowed pot dispensary ,with limited applications  There was a mad scramble for storefronts through out the city Despite the heavy application fees $30,000 there was a lot of activity .

The E is very simple filing and less complicate items to answer.

But @William E. rightly recognizes that a unique opportunity has come your way through that walk through couple.Normally a 1031 exchange on this project would be difficult to defend because the timing and process would look awfully like a fix n flip and those do not qualify for 1031 treatment.

@Bill E.

I don’t have any construction or major rehab experience, but whole heartedly recommend you check out the E myth and learn about working on your business not in it.

@Lawrence E.

Property registrations are at 417 E Fayette st 1st floor.

This is a natural outgrowth of No. 1: you have to pick properties with solid fundamentals.