We are happy that you have joined BP!

You have to evaluate if was normal wear and tear.  

It appears to cash flow well, but I've never done a deal this big before and I'm wondering if there is a good place on these forums in which I could post the terms we're looking at and ask community members their thoughts, as well as for advice and any red flags.

Specifically we are looking at possibly buying a warehouse/retail building. 

Now that we are ready i have also been educating myself in real estate investing.

We are in the process of doing our due diligence to ensure the land is in a desirable location.

We are excited to have you. 

@Jake Johnston I think what @Jd Martin is eluding to is that with the construction (or maybe you are referring to a purchase/renovation loan) loan, the money for the repairs is held in an escrow account and you have to jump through a bunch a red tape just to get draws. 

If you want to manage a new business that you have no experience in, sure start it up. either way you better pay market rent to yourself or else you won't realize any gains in your CRE--which is why we are all here in the first place.

We are renting a commercial space to a trucking company.