Aiming for each part of the business to eventually fund itself is a solid plan, and a real estate CPA or attorney could help fine-tune everything for taxes and structure.

The last piece of the East Bank puzzle will be the sale of Carl Ichan's scrap yard which is going to auction this month. 

If you are cash poor, and can recoup cash from this transaction, it will give you some ammo for the next deal that is going to come in the next 12-18 months.If you were using the space, that would be different, but if you're looking to rent it out, and are stuck without a tenant, you become even more cash poorGood luckGino

Hope this helps.  

Quote from @Alan Cassidy: Hi everyone!

Quote from @Douglas Snook: Yes it can take several months to evict.

This is a very helpful post.

This is probably something you should just add to the rent for your next tenant.  

Quote from @Rene Brodowsky: They did a 'drive by' appraisal, but I think that means they looked at comps in the area.

Tons of helpful people and resources here, so you’re in the right spot.