Access for the equipment will play a role.  

Hey @Orion Walker great thread you have going here and excellent exercise if nothing else.

Let's say the T/B exercises the option to purchase after 12 months, can I pocket that $3K in the beginning of the lease agreement and then the remaining $97K is financed?

For now, this is an exercise for me to learn how to evaluate these larger properties and learning the more in depth steps.Here's the pro forma: (BP won't allow any HTML Tables so this is ugly, first # is soft, second is monthly rents, and third # is the rent/sqftAutomobile Repair9400 -- 3000 -- 0.32Church14300-- 2000 -- 0.14Jerky25600 --- 3500 -- 0.14Restaurant3127 -- 1750 -- 0.56Listed as Rented buy Google says is Vacant2400 --- 0 -- 0Rock Climbing Venue2000 -- 1200 -- 0.6Smog Shop2600 -- 1500 -- 0.58Gym7000 -- 1300 -- 0.19Vacant11000 -- 0Totals:77427142500.21Calculations:Listed Price$1,710,000.00Listed NOI$171,000.00Listed Cap Rate10.00%DP 30.00% = $513,000.00Financed$1,197,000.00Debt Service @5.5%$95,760.00 (15yr Amortized 30)Cash Flow$75,240.00COC14.67%Debt Service @3.5%$83,790.00 (15yr Amortized 30)Cash Flow$87,210.00COC17.00%A couple things to note:1 - There's a wide swath of Tenant Classes 2 - I am aware of the environmental concerns of the Smog & Automobile businesses. they are on the back side of the property away from the retail in a separate set of steel warehouse buildings.Tagging @J Martin -because he wanted to stay in the loop on this.

I've learned a lot just these few days on BP and hopefully I'll also be making it to he REIA meeting next month.I'm in Richmond VA and so far more drawn to the rehab/wholesale role of investing, but open to all information.

Practice, that's how.Find someone to role play with, mom, sister, bar tender, whoever.

Many times, experience will play a role and will be an important component in determining your future.

Many times the person leasing do not exercise their option and end up leaving.  

Motivations are key but again... at a base level... the fact you have zero skin invested would be a huge deterrent for ME in the role of a seller and legally seems to be a risk for you...Combine a buyer's list with an MLS and you have yourself a semi-competent RE agent.

I thought I might be able to role all of the funds over not borrow against it.