Check foundation, look for cracks in the drywall especially around doorframes, check framing, check roof, check for mold, check for rotting wood (tub surround, toilet base, flooring, under sinks, inside cabinets, the deck, eaves, trim)).2.

The paper folded a few years ago.

@Russell HansonHighly recommend listening to BP Real Estate Podcast 109 with a pen and paper.

You can also sell the business take back paper and collect rent if it does not work out .Creating a viable business in your commercial space really increases the property value . 

Omar that with experience, so many investors work with up to 5 or more lenders, so we request him to pay the 3 points for the processing and closing, for my attorney to prepare closing paper works, deed and other necessary documents, and he paid.Finally close to the date of closing, we requested him to send a proof, of his 10% deposit to the title company we are to close with, and also deposit the 30% Rehab for us to verify he has the funds.

Get him top admit it via email paper trail if it was said to you verbally.

Of the 10 I end up closing on 60% due to issues with title etc. one of the most frustrating things for me is the quality of the paper and sellers not disclosing this so you order a title report and that money goes out the door.

The structure you're proposing looks good on paper but is more likely than not to materially decrease your ROI because you're substantially increasing administrative and tax overhead.Old military acronym applies to real estate investing when just starting out: K.I.S.S.

I'd buy some bags of fruit, beef jerky, cigars, 40 oz beers, half pints of liquor, toilet paper, hustler magazines, microwave popcorn, chocolate candy, etc. and put them in a box. 

@Marcony SimoesIf you are showing paper losses from your RE business, is there any advantage to the QBI?