The main tenant has also now stopped paying rent so it's all getting more and more messy. 

If the tenant pays half of the rent on-time, you can only charge 10% on the remaining balance. 

If you choose to buy here, pay very close attention to zoning, and run your BRRRR numbers conservatively.

@Adam TaylorI would check Berkadia, Colliers, Marcus and Millichap, Cishman Wakefield, IRR, Bisnow, Multihousing News.All the big brokerage firms have data that they offer to their clients.

Sale-Leasebacks have inherent challenges because the tenant/seller is incentivized to market the property in such a way they get they price they want, but if the entity who signs the lease is weak and there's no personal guarantor, they could stop paying rent the day after you close leaving you high and dry with very little legal remedy.I don't know your market, but in my eyes, any 10% cap offering is either an extremely weak tenant OR a tenant that has very little term remaining with no plans to renew.If I were, you I would very seriously consider how much I like the real estate and what my odds would be of refilling the real estate with the same or better rent and/or a better credit tenant once this tenant goes belly up.

I will NEVER work with another client who even mentions that lender's name.

I’m looking for some feedback or advice into this process.Thanks in advance for the feedback.Art Hey Art,You are going to be paying 8-10% for the construction loan, and might be decent amount down.

If you miss the HOA payment, which is different than the transfer fee, the person on title will be notified to pay up.

AFTER paying the public adjuster the claim settlement came out to almost $200k.

I've been helping my clients and investor friends excel in rural distressed property projects.