The logic, critical thinking skills and risk taking behavior is different at this age (the insurance companies understand this).

It's critical for the welfare of our society to manage this new era of legalization of marijuana.

Thank you all for all those important feedback. whether to keep section 8 tenant is a critical factor for me to decide whether to make a counteroffer to this property.I can't answer a lot of the questions as some of you asked since I don't know the answer myself.

A group of vocal critics began mounting an effort to save the park in the name of preserving green space downtown.But supporters of the concept pointed to the clear benefits of bringing new residents downtown and furthering the cause for revitalization there.

The ideas in this post will make you money in the future if you take the time to understand and appreciate the fundamentals.Here are the facts related to most eviction situations:1) The cash flow has stopped.2) The cash flow may not restart for 30 to 60 days - it mostly depends upon your actions.3) No matter how well you screen new tenants; there will remain elements of the unknown.4) Knowing the laws of your state and jurisdiction is critical and seeking legal advice from an attorney is wise.Many times, it makes better business sense to put forth all efforts to resolve the current delinquent situation.

Can you please give me some advice and criticize my analysis below?

The critical issue is your intent to hold for investment purposes in order to qualify for 1031 Exchange treatment. 

The items themselves might not be illegal, but the person that uses them will be committing fraud.But be a critical thinker for a second, if you can't fake your own paystub chances are you can't fake your own own bank account.

It is critically important to have (1) a business plan that says that; (2) some source of other income to support yourself; and (3) the dedication to stick to your plan.  

Systems Built: vetting and selecting contractors (goes without saying how important this is), writing joint venture agreements (which helped immensely in this project), building contract document packets (for holding contractors accountable), processing hard-money lending (must understand the nature of this form of lending), creating initial material management processes (this is one expense you have total control over), selecting builder's risk insurance policies (must haves and what to know about coverages), managing the finances of a project (this is critical to control and tough to implement), and more.Placed this property under contract in late Dec 2016, closed near the end of Jan 2017, allowed the previous owner to holdover with rent back for a about two weeks, and began demo a few days into Feb.