Post closing occupancy is not uncommon, even in retail sales.

It sounds a little backwards to the retail world (which probably means it's good advice), but looking for your next purchase, before you sell your existing asset, is a good way to compensate for that higher potential opportunity cost.

I'm looking at a few industrial and office buildings that look very interesting but the owner doesn't have much in the way of a P&L.

I was told by a broker that nowadays foreclosures and short sales don't provide much of the expected discounts from retail price.

@Sean Jones @Ted Meltzer @Robin PrittsOur group is not free education, though there is no cost to get involved - we are spending our most precious commodity (time) helping new investors get started in this industry so if you have interest in taking ACTION with us, do so otherwise stay at home :)This weeks group welcomed some new investors to the group!

I even recently got my RE license to better understand the laws, the market, the process of buying and selling, and the industry as a whole.

Whilst my aim with the exam is to enable us to access MLS and gain a good grounding in the industry, I think it would be a good idea to work for this broker for a period of time, to learn the ropes in luxury real estate, whilst continuing my deals on the side. 

If anyone has any little advice for someone whose completely new this industry and just now looking into getting their first multifamily property, please spill the advice.

The scenario where this plays an important role is if the permitted uses are ones that do not pay as well as the current "retail" type use.

@James McAlister thank you for the information, please excuse my ignorance on the subject as I am new to the industry.