The property currently has three structures; a run down old barn previously used as a business, a two family rental that is currently occupied, and another two family rental that was destroyed by previous tenants and has not been occupied in years.

I’m also thinking about doing a subject to, but still unsure about how to structure this.

I recently fixed a structural issue without a permit.

Changed out joulsey windows, updated electrical, reconditioned storage structure in back of property.

How is your business structured

Additionally, some lenders do offer VA construction loans, but the renovations to the property can only be cosmetic (floors, cabinets, roof) and not structural (foundation, moving walls, building additions, etc).Good luck!

Wondering if that is a good rate for a car wash and also what other things should I be looking at for the structure and the lease itself.

I am currently in the process of refinancing two duplexes and my current portfolio is holding me back due to structure. 

Everything else has to be refreshed : Floors (carpeted, heavily spoiled and cat urine odor) Ceilings dry-wallWalls dry-wallElectrical is out of date (knot and tube all over, electrical panel needs replacement) Risks: Sanitization (cat urine smell, potential for pest problems)Structural integrity not checked (unable to check in a timely fashion due to deadline)Evidence of water damage on main floor ceiling, extent of damages unknownNo smell of mold in basement but knowing the city history of flooding, this is uncertainPlumbing looks recent but it was hard to be absolutely sure of this assertionThe reason I decided against in the end : too many unknowns.

Don’t own physical real estate in a 401k.