Hey Matt A good rule of thumb for Burton is to stay east if Center Street .  

This project will need syndication, The city was to convert a mobile home park to apartments,  and put in a forty acre shopping/ entertainment center.

The site has been listed for $1.2 million AUD  and located in a good location in the center of city.

It has good schools it would be considered safe I think you’d find mostly family renters you’re not gonna get to any individuals that want to live that far from the center of the city. 

All numbers & due diligence has not been completed but this is all information that I have.Mixed Use - 2 retail (Restaurant / Hair Salon), 4 Apartments (3 1BRs / 1 2BR)Parking: 4 spots for apartmentsLocation: Main street, near center of town, plenty of municipal parking nearbyRoll: Restaurant -  $4,745 w/ escalations (14 years left), Salon - $2,900 w/ escalations (9 years left)Apartments all rent at $1,200 per month with some room for growth.  2 units have longer term tenants. 

also see below directly from the state of Oregon regulator regarding wholesaling in Oregon530 Center Street NE, Suite 100, Salem, OR 97301State of Oregon - Real Estate AgencyFrances Hlawatsch | Financial InvestigatorBest regards,Thank you again for the information, if I have further questions for you during the investigation I will certainly reach out.The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

With that being said think about large scale multi family syndication deals, development deals, strip/shopping center acquisition etc if you're trying to go big fast.

I have seen where maintenace becomes another profit center for managment companies where they try to nickle and dime you on every turn.3. 

My original plan was to 1031 exchange into retail/reataurant/strip center type property, but I cant leverage up like I want to with a lender when the new property is 1/2 vacant and the tenants it does have are month to month.My plan is to offer a MLO for X number of years paying the landlord the current rents, plus a bonus to entice them to deal and a purchase price calculated at a 6% cap rate based on what I think are current market rents at $24/sqft/year.

I am a new investor located in Houston, Texas at the center of 3 outskirts, cypress, jersey village, Tomball area.