You also need to produce and maintain good documentation surrounding the financial accounts and investment holdings of the LLC. 

If you do need to go back and get traditional financing, it may be more attractive to a lender if the property is already producing income.

I have a c-Corp in CA with income producing rental assets of $1M free and clear.

One of my main questions is since the building isn’t producing any income and technically isn’t worth anything, how do you go about offering for this type of properties?

Unfortunately for Qatar, there is a huge amount of shale gas in North America that can be produced at de facto no cost since it's the byproduct off shale oil production.

Regarding price - the question for you is what price do you need in order to produce the return you want?

Through a carefully calculated rent escalation plan and upgrades, we are confident this property will produce favorable returns for our investors.

Through a carefully calculated rent escalation plan and upgrades, we are confident this property will produce favorable returns for our investors.

Through a carefully calculated rent escalation plan and upgrades, we are confident this property will produce favorable returns for our investors.

It also did allow me to scale up a little faster as I was able to start two more projects during this time due to my leveraged positioning.Here are the stats as of today from my Stessa portfolio tracker:My original goal was to refinance out of this property, but given how well it cash flowed and how long I had to pay back the credit cards, I ended up just keeping it free and clear in order to maintain a solid cash flow stream (it's currently the only property I own that is free and clear).In the next few years as the area continues to gentrify and appreciate, I may do a "BRRRR" on my own property (minus the B for Buy) using a renovation loan in order to raise the rental income to the next tier where it could support a refinance while producing similar (or better!)