Would love to chat all things RE and make some connections before our big move and hopefully develop that into a working relationship that benefits both parties in the near future.Thanks for your time.

Hello BP. When buying a previous MJ growhouse SFR, what would be some things to look out for?

I'll be looking at a property with the basement FORMERLY used as a growhouse. From the pictures, all the equipment ha...

Hey @Pete BroomI generally will have my clients purchase a property in their own names, giving them the benefit of all their normal financing options. 

I don't see a benefit to you for showing up to a potentially hostile situation in person.

The benefit of this would be allowing the other tenants to pay for your ownership.

Here in Wisconsin, Section 8 qualifications are quite stingy and require people receiving benefits to be people without criminal records or outstanding evictions.

One thing that can save you money in the long run is establishing a Delaware Statutory Trust (DST), which can offer you a unique twist on the liability benefits of the LLC and infinite scaling but does not hit you with the annual $800 franchise tax in CA.In your situation I would recommending sitting down with an experience attorney and CPA to get their advice on your situation and future goals.

We messed up by giving a low credit tenant benefit if the doubt.

However if your time is limited or you have absolutely no interest to be active in real estate for whatever reason, then investing via syndications is a great way to invest considering its benefits.

So the 5k that we spent on the process enabled us to scale our business dramatically and continues to benefit us today.