Multi-family or office, retail, warehouse, etc?

In the year of sale, your Cost of Goods Sold for the flip property is the total accrued cost of the property to include acquisition cost, repair/rehab, maintenance, and other holding costs such as property taxes, insurance, and utiilities.While dealer realty is considered merchandise (inventory) to your flipping business, the tax treatment of your inventory is not the same as for a traditional retail business such as a hardware store.  

Why not sell it on the open market and get top dollar from a retail buyer?

I sold my property in town to a retail buyer because my cash flow was fine but my cash on equity was very low, so I’m trying to move that equity to a property with better numbers.

If you're looking to do more property management vs retail real estate, I would recommend a smaller brokerage who won't take a ton of fees on the leasing.

It seems to me that out of state investors, due to their usually particular requirements and extra support needs, take more time and effort than the typical retail buyer.

I don't really consider real estate "passive", but compared to a service / retail / restaurant type business it is much more so.  

The liquor store inhabits one of the retail spaces and does not pay rent (the building and liquor store are owned by the seller).

Where do you recommend I buy flooring—big box stores or local wholesalers or online retailers?

Purchase price: $385,000 Cash invested: $100,000 Purchased an old 711 building and leaseback to a Verizon Retailer.