If you're determined not to list the property in order to fetch top dollar and are set on selling to this buyer, it may be worth bringing in an agent to manage the paperwork for a negotiated fee.

You want to set up your business correctly from Day 1.   

However, given that we haven’t even gotten our company bank account set up yet (I know) we felt it best to bow out.

These loans allow borrowers to pay only the interest on the loan for a set period, usually the first few years, before transitioning to paying both principal and interest.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

You can also set up templates.

This often involves setting up an escrow service to handle these aspects securely.Professional Inspection and Repair Agreement: Beyond basic inspections, consider a detailed agreement on how repairs identified during inspections will be handled, including who will pay for them and timelines for completion.Involving professionals like attorneys and notaries is essential to ensure that the transaction adheres to legal standards and that all documents are correctly executed Great Job - this will help many people get started in this space.Cheers,KC

If you have a use for the new development, sell and keep going.Otherwise, approach the existing note holder about adding a second from them for the construction. that gives you a total blended rate and you own both sets of land

Hey DJ, I'm actually in Tampa myself and I've set up several LLCs for our operations.

Not saying this is the case all the time, but often times they just have poor or little marketing, and no follow up with prospective tenants.I'd also consider any "alternate" uses, for instance its currently an office building, but is there a different use or is it in a location that lends itself to say medical office more than trad office, or is there a way to retrofit for a coworking kinda set up.