Maybe have an expert read your contract?

Ofocurse it is supposed to spur major economic growth in this otherwise small rural county. 

Hi Deven,Well, you've had a couple of experts out to look at it and you have a couple of choices.Maybe get a third opinion and decide then.Good Luck!

I guess my point is - I think a lot of businesses are prepared for an economic slowdown, but who is prepared for a complete stop of all production?

I pickup the economic data from the Jacksonville Business Journal, the Daily record and also the local Realtor site, NEFAR.

Long term financing is more challenging but there are several commercial and portfolio lenders that will lend on the economics of the property.

He as well as many other so called Real Estate investors give intelligent Real Estate Investors a "Bad Name" We are in such a exciting transitional time in our history and anyone that can understand what is going on with Economic Cycles will be laughing all the way to the bank.

Door fee for this meeting is $20.00 at the door.The Pasadena FIBI group provides an environment for active and informative peer discussions, expert presentations on relevant topics, and networking.

You pay taxes on your income, such as 1099 and K1, regardless of what you do with that income after you receive it - keep it, reinvest it or blow it in Vegas.That said, if you buy a $500k rental property in the same year, you will get some deductions, but they will not erase your taxes from the $100k income, not even close.May be worth it to connect with a tax expert to develop an investment plan and a tax plan.

You should have a general understanding of real estate investing and the basic terms, but you don't need to be an expert before you get started.