A newly acquired building has storage units for each apartment unit in the basement. (12 units)  There is little to no mention of these spaces in existing rental agreements (from prior owner).

(Forbes)Lower business & lifestyle costs than others.Amazingly affordable real estate for investment.Single-family, duplexes, fourplexes.3-year appreciation forecast of 9.1%.Around 45% of the residents are renters.The growing fuels the rental demand.San Antonio is also known for its low cost of living.Closed sales increased by 14 percent year-over-year.Compared to June 2019, San Antonio's average price of a home increased by 3%.Year-to-date, the average price has shown an increase of 5% to $278,395.In a year-to-date, year-over-year comparison, Bexar County faired well compared to Travis (-10.7%) Harris (-4.9%) and Dallas County (-6.8%.)Each of these counties indicates a decrease while Bexar county shows a promising a 3.4% increase.As predicted, June has shown to be a strong buying season.

Usually buildings get demolished or converted to storage facility.

(This assumes the property has seasoned, i.e. you've owned it long enough to satisfy the bank.

My question is with the CARES act am I able to withdraw that money penalty free and if I put it into an investment property will that cancel out my tax obligation come tax season next year?

This is very inspiring for newbies and seasoned investors.

In syndication you get to partner with seasoned investors that have been doing it a long time.

Seeing these makes me a bit nervous that if we buy in that market now, do a rehab, and we have to wait 4-6months to have "seasoned" tenants  before applying for the refi it may be problematic to get the appraisal we are targeting. 

I'm not sure what your relationship is with him business-wise or if he is a seasoned hard money lender but generally 10 % in thiscurrent market is good.. for investors the comparison is always the stock market or CDs none of them are bringing in anywhere near 10 so to diversify and get 10% from Real Estate..with a secured position... estate is great I would actually offer him 9 to start. the contract should be written up by an attorney after both of you agree to terms .you said you're doing a flip ?

I'm frustrated and I need a little advise from some more seasoned investors on how to handle this.I've had them reapply for the property so that I could create a new lease with her name and her kids names listed.