I'm interested in getting a multi-leveled building that has been used as retail and office space right in the heart of a downtown and converting the space into modern apartments for professionals/executives and/or younger/hip crowd.  

If you've got some other documentation to demonstrate your intent (conversations with professionals, a rental listing, past history etc) again, time for a chat with your cpa for their okey dokey.   

If you want to open up your deal to non-accredited investors (investors with less than $1M net-worth excluding primary residence), there are very strict non-solicitation rules that would apply, to which your original post would probably disqualify you for.So, now you're left with an SEC 506(c) offering, which allows you to solicit accredited investors (net-worth of $1M and above), or taking general only partners, who have actual active roles with decision making power.If you're still want to take passive investors, you definitely want to talk with a good SEC attorney!

This is not a "cash out" situation but you don't have to fund the rehab.I'm doing things a little differently in that I'm getting a line of credit (from the 1st mortgage lender) to cash out my equity created.With commercial, it's BRRRR on steroids all at one location and, in many cases, it can be managed by professional management companies.

And if she has, then hopefully you will get to form a good working relationship with a new agent, one who who is professional enough to respect her choice in lenders and happy that she’s already got everything in place to make an offer.

Personally I'd probably professionally and respectfully point out that she is full of BS and ask to see the quoted law she is referring to for your future reference....then let it go......take the partial payment, and start marketing the property.

As part of the Colorado Front Range Trail, it’s a magnet for Denver’s young professional workers.

Calling professionals right now...

Bear in mind that most of these types of deals are limited to accredited investors.I also found some pretty interesting videos about the topic on youtube.Best of luck!

If I was in your position, I'd look to rent the Oakley house..... shouldn't be difficult to get young professionals, or grad students from Xavier.