Sometimes development can actually be a bad thing. 

The angle lake light rail station is one of the newer stations so I'd be curious if the station will bring in lots of developer $.

I am sure that any new comer  would believe that he is properly vetted just based on that alone.

You know, the funny thing is, I'm told this seller has been a developer of houses and small multifamilies in the area for many years.

@Jay Hinrichs I admit I increased my vocabulary looking up definition of hoary,  meaning old, white or ancient... but point well put and found way to Howey test (1946) for securities is broad and can be applied to  JV's, LLC and general partnerships As such, those being a sponsor of agreements should have proper legal counsel to advise them appropriately with caution,  as mentioned its all great until it doesn't go right and money is lost. 

So much in fact, that it just so happens that I actually teach a 3-day class specifically on Self Storage Development & Conversions.And since I especially want to toe the line in regards to how much promoting we can & should do on this Bigger Pockets Forum, please PM me if you'd like more info. 

When they gave us copies of the leases, all he did was change the ending lease date to 2019 but signatures are from 2016 and they don’t have a lease amendment and seller and tenant didn’t initial the change on the lease.I’ve requested and supplied an estoppel form to be fully filled out and signed by tenant and owner and for the leases to be initialed properly for the recent changes.Selling agent says he can’t make tenants fill out estoppel and owner isn’t making much effort to get it filled out either.

I started wholesaling a while back but really have been to caught up with my current deals with clients that have not gotten the opportunity to launch my wholesaling business properly. 

I brought all the proper documentation (power of attorney and LLC resolution), still nothing.

Ritch I saw you questions and I am looking to learn from the group, develop myself so I can be effective in real estate investing, and one day help new investors out like me.