We have done The Fizz Shop in Illinois, The Popcorn Shop, a dog kennel, and even a clothing store.

I have shopped around for a different PM but there are almost no other options in the area.

@Lauren Ruppert Yes, an LLC can sell a property to your child’s LLC, ideally at fair market value (FMV) to avoid gift tax complications.

Let’s talk shop!

@Jimmy O'Connor I was not bashing your insights and references to bars and coffee shops - I thought it was informative and interesting thing I had not thought of before.

No debt, they bought this place for like 200k in early 90s, quite old people. im not sure if they will be alive for the 7yr term but they chose it..The reason im putting so much down is im buying w gift money and i want low monthly payments.

Whether it’s finding deals, running numbers, or just exchanging ideas, I’m always down to talk shop with like-minded investors.

And for reference my sister is dealing with a run down house in Louisiana that has a value of about $95,000 and she shopped multiple policies with multiple insurance companies and the best rate she could get was $2500.

We get granite for around $40/ft installed from a local shop. 

As for the insurance you really have to just shop around and estimate your risk tolerance.