I'd had the assumption that i'd buy a rental using a HELOC on my primary residence, and then financing subsequent rentals with a LOC/leverage on that rental property (something I assumed the majority of rental owners are doing now).  

The majority of the office space is leased to tenants that have all been there 10+years with recently renewed 3 year leases.  

I am currently in my last year of college at Hood College where I am majoring in Business Finance, and minoring in Economics.

The property is in Baton Rouge and the surrounding areas were majorly flooded a few weeks ago, so contractors are overwhelmed right now with flood repairs (this property did not flood).

Good luck finding a niche in the market, but taxes in long island must make it difficult to be profitable for landlords.

I would be willing to split the profits 50/50.  

Made a $65k profit.

Hey guys, wondering what the locals think will be the impact of this from, here is the article from IBJ:September 6, 2016Hayleigh ColomboCarmel-based for-profit college operator ITT Educational Services Inc. announced Tuesday morning that it will permanently “discontinue academic operations” at all ITT Technical Institutes campuses.The company has already eliminated the “vast majority” of its 8,000 employees and canceled the fall academic quarter, which had been scheduled to begin this month, according to a statement released Tuesday morning.ITT Educational operates more than 130 ITT Technical Institute campuses in 38 states.ITT Tech announced a week ago it would stop enrolling students, and an Indianapolis charter school run by the companyhas also shut down.The move follows years of scrutiny by the federal education department over its recruiting methods and students’ educational performance, and recent actions that made itineligible to accept new studentswho relied on student loans.In its statement Tuesday morning, ITT called the federal sanctions “inappropriate and unconstitutional.""

In the mean time I can be collecting cash flow, paying down the mortgage and if my in-laws decide to buy I can still sell it to them for a decent profit or just keep it as a cash flow.

In the mean time I can be collecting cash flow, paying down the mortgage and if my in-laws decide to buy I can still sell it to them for a decent profit or just keep it as a cash flow.