Mostly so you know what they will and will not fund.Some will want an appraisal before committing.

I'm strongly considering starting my investments there instead of NJ.

If you fail to follow through and the state can prove intent then you are committing fraud (intent to deceive and otherwise not deliver what you have promised).If you sell using a L/O and you can not control the property's title then you have another failure to deliver issue.Some deals are fine.

I would agree with the earlier posts in that it looks a little soft.That being said, Retail Centers are probably the most sought after property type in commercial and regardless of accuracy of expenses, I would say it always comes down to the opportunity to add value, the quality of the tenants, and the terms of the leases.For example, if you have some strong national tenants on Triple Net leases, people are willing to "overpay" for that type of property - at say a 6-7% CAP.

I'm a little new to the game, and just trying to figure out the ins and outs of the process before fully committing myself.

I'm a little new to the game, and just trying to figure out the ins and outs of the process before fully committing myself.

I would guess that your strong background in the industry will provide you with a solid and knowledgable foundation for this next step in your life.

I have a feeling the current market is scaring off potential buyers, and the area has a strong smell...I'll have to look into why it reeks of cow patties, but other than that the homes are very nice.So what indicators should I be investigating?

If you are currently renting, you might want to make your first purchase something with strong equity that you can live in for a short time.

I have a strong background in communication and marketing/relations, so I think I can do well with that.