Its probably a box to check towards the end about accepting tenants at closing OR not accepting tenants...

A good CPA can get into the weeds with this one...All RS investment entities were set up as LLCs and the only time I was able to get a QBID was if Box 3 was checked on the K1 and certain qualifying thresholds and requirements were met.

As mentioned by a previous poster, think about how you're going to get a box spring or mattress up them?

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Well maintained (all mechanicals are no older than 6 years; new roof 3wks ago, new elect boxes,etc)  1 tenant just moved out, cleaned up and ready to lease. 

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Big box stores will be harder to find the real ones from the weekend warriors.  

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Also state FTHB programs are restrictive in terms of DTI and rates are higher then normal.Not saying that they programs don't have positives, but you need to qualify within the small box.

I like small box retail properties better.