When you put a property under contract with zero intention of buying it, that's one thing.

Make sure you speak with a specialist who lives and breathes "office space" and who truly understand the unique aspects of office leasing, rentable vs usable sq ft (some don't), optimizing operating expense recapture, and tenant retain-age. 

At least the intent

Hi @Jeff S.Interestingly, in lieu of a Sub and Recon, I received a "Notice of Intent to Record Release of Obligation Under Deed of Trust (C.C. 2941)" from the closing title company on my last paid off loan. 

They intentionally do that as they are nationally tied.

Further, Seller understands it is the intent of the Buyer to promptly resell the property for a profit, and Seller authorizes Buyer, at Buyer's option, as attorney-in-fact for Seller to sell, market, negotiate and enter into a contract to sell or lease the property to a third party on behalf of Seller before Buyer takes title.

One per year would even meet that criteria in the right facts and circumstances.If your intention is to flip houses in an continued fashion, factor in UBTI as part of the equation.  

So we're starting to dig into other aquisition strategies.We're still deciding whether we want to owner occupy a 2-4 plex as our first investment, or buy a distressed single family with the intent to renovate / live in, and pull equity out to fund the 1st investment property.  

The guru's teach their students to put ridiculous offers on properties, whether from MLS, auctions, etc with no intention of actually closing themselves.   

People are buying 2 flats for a minimum of $550k, with the intent to owner occupy and rent out the other unit.