How did you find this deal and how did you negotiate it?

@Josh Feit Sounds like this is a Class C building in a Class C area.So, how is your advertising geared towards attracting Class C tenants?

does anyone know what this means and how this is going to affect the potential claims?

The tax advantages of buying/holding gas stations are pretty great.
Many of the components of gas stations including pumps, tanks, external parking areas, and other equipment are classified as either 5 or 15 year pro...

However, I disagree with your comments that the investor buyers who buy these homes have a greater appetite for risk and know the risks that exist.

How do these deals typically perform in terms of cash flow and equity growth? 

One never knows whether an area will gentrify but chatter on the street is money is flowing in the South Shore.

I know the potential of already having the deal under our belt prior to his arrival. 

Your biggest challanges:1) Figuring out how to advertise on Zillow2) Handling all the calls3) Scheduling showings - and getting stood up4) Finding a rental application to use - you can use Zillow's or easily Google for one.5) Figuring out how to screen applicants ***** This is IMPORTANT!

Also have made it easy to see if you offered a certain amount, or changed your rehab budget, how that would affect your return.