I would wait for 1-1.5 yrs or longer.2.

Having to dig up the parking lot and redo the line to the street and repave can be many tens of thousands of dollars depending on the length of the run involved and how deep the lines are.Make sure you have the full financial numbers from the seller and they verify before spending thousands on inspections to only find out sellers numbers are wrong and they will not adjust the price etc.Hopefully in your purchase and sale contract you had language such as due diligence period does not start until ALL of the items listed are received by the buyer.

If the tenant paid mon/tues, it might not hit your account until the following monday since the weekend days dont count against the waiting period.

I'm waiting for this whole story to show up on an episode of 'American Greed' in a few years, with Morris in jail.

Hey Mike, It can't really wait because the monthly expense is so high if you dont meter out all of the units ...

@Mathew Collins @Adrian Lopez Hey fellas, fellow VC investor/agent here - there's an excellent meetup tonight in Thousand Oaks at 6:30 at the Mimi's Cafe off of Moorpark Rd. if you can make it.

David,  this is part of the cycle.. so many especially on BP started in real estate after 08 and their only perspective is the once in a lifetime buying opportunism that existed in 2009 to 2013 ish 2014 ish.. depending on area of the country.now to me its getting back to normal.there should not be thousands of wholeslaers there is simply not enough deals for all these who think they can make money doing that ... but they will find out..

I dont know about Florida , but here in Maryland contractors are swamped , we cant be fast because all the subs are busy we have to wait .

I'd bet that the opportunity cost in waiting over buying a retail property off of Loopnet is going to cost you more in the long run.Research as many properties as possible and talk with as many brokers as possible.

Do we now play the waiting game and let the combination of equity growth and likely appreciation do their thing until we're in a position to borrow again?