IMO without knowing much more, it's not going to be a strong retail property and id make sure you want to fully rehab such a property.

@Stan Johnson  I am NMLS licensed and have been a HML for many years starting in the mid 80's.what went on in the mortgage industry and especially sub prime  was not to the benefit of the public..

Trust me, I'm an insurance person, and before I came to the retail side of selling Commercial Insurance, I was a Claims Specialist for a long time; so there are very few who are more careful or scary than I am!

I want to get out of my current full-time job and into the industry that I have come to be obsessed with.

My name is Devon Small and I am not only new to BP I am new to the real estate industry in general.

I'm still relatively new to the industry and it'd be dangerous for me to significantly leverage.The other big reason is that this will be done on my parents behalf; the current property we own is providing awful return and the capital is better utilized in assets with much higher return and greater potential, hence the 1031.

Hi @Helen KirkYou can do a lease option assignment:1) Enter into a lease and option with the seller2) Sell Your agreement for a fee 3% approx $6.6K on $229Never buy retail, you profit when you buy.I usually only get 5% max on Lease 2 Own, more often 3%.Good luck!

I do work in the industry and love it. 

At the moment I'm a philosophy undergraduate looking for a way in to property: whether that be through investing while at university or through some role in the property industry after having graduated.Anyways I look forward to be involved in the forum and listening to more of the great podcasts.

Recently I have sold my retail business and now I am ready to branch out to investing in real estate by buying houses in auctions and flip.