(Must be in another area, lol).As an agent, and a property manager, (both specializing in commercial property), I would recommend the following only because seems like an off market property-1- Viewing the leases making sure current owner can sell as there is no ROFR.2- Any security deposits.3- Confirming tenants are paying with either an estoppel certificate or simple as viewing deposits. 4- I’m sure the title search will come up with CO on legal commercial with 4 Resi.

99% of wholesalers in the area ask for a 5k non refundable deposit in order to get under contract.

For example, I often see Buyers purchase property thinking there is a $1,000 deposit but then the tenant claims it was actually $2,000 because they paid the last month's rent.

If you haven't moved in, you risk losing your deposit. 

No security deposit, etc.

Hopefully you have it in your contract that you get prorated rent for Nov and the security deposits transfer over. 

My question on top of that is when we use the money as a down deposit on a piece of real estate from my existing home service business is that considered a "distributor" when we pull out capital to buy real estate?

I am new to the game, but hoping I can be a great connection for many people just looking for the right partner/match.

I believe that both patience AND readiness both need to match up and align at the same time. 

Taking the check, depositing it to my bank, then simply regularly paying the mortgage down seems like the most common sense thing to do, but doesn't seem to be the most financially responsible thing to do when tax season comes around.Would having an LLC and depositing the check into a business account make more sense?