You need to huddle up with your CPA (after Monday) and your attorney and figure out the best way to minimize your tax bill.

I would suggest that you interview several Realtors and ask them the following questions, to ascertain if they are truly Investor Friendly, or if they are throwing you a sales pitch.1.

There are also remedies that a property owner can make to minimize risk without the perpetuation of bad practices.  

The fines could be minimal.

Stay away from the “guru” sales-pitch events - they rarely increase your investment knowledge, they merely empty your wallet!

However, we intend to educate ourselves as much as we can in order to minimize the amount of mistakes new investors can make when first starting out.

Another option would be educating yourself in how to minimize your weaknesses and bring them up. 

Concept requires minimum cooking so no need for the expensive kitchen requirements (hoods, grease traps, etc)Looking for a high traffic area with national anchors with a young affluent demographic anywhere from 1,000-1,800 sqft.I would also be open to an up and coming trendy part of town visited heavily by young professionals or a food popular food market stall.Have $135k in Personal SavingsAnother $25-$75 in business loans and/or angel investingSolid credit Low 700's with extremely minimal outstanding overhead expenses So what I would like to know is how feasible is it for me to get the kind of space i'm looking for and what should I be doing to strengthen my credibility over the next year?

I am curious though how you all are structuring so as to minimize tax on rental income.

Looking to offer my help, to network and to gain knowledgeNot looking for a Guru sales pitch!