Note the attic has permanent stairs and is unfinished.

Doing that means you need to know the food business too.So, you need to identify what options you'd take.If there is existing financing, with the business closed and less than half the note paid, you might get in for the loan assumption and a token on equipment.

Just a note of friendly warning: more than once on these forums I've come across the equivalent of "Well, the first person I talked to at Wells Fargo said OK, but then the second guy........ " I don't know what it is with those first guys at Wells Fargo ;)I want to be encouraging, but I'm thinking you might be better off picking just one of these two properties.

@Ryan Steele on a funny note a few years ago somebody did this site about Chicago and it's neighborhoods - the one for the burbs still cracks me up http://slightlyinsultingchicagoposters.tumblr.com/post/27019559002

I financed the property at 80% from the bank on a 15 year note.

The Bank that owns the note says they are not allowed by law to speak to anyone except those owners.

I took a lot of notes and was eager to get out there and go!

It is important to note that some states do impose transfer taxes and other tax assessments.

I appreciate you all and have taken notes on everything that was suggested to me.

- It's funny, now that I have the money to pay cash I have made contacts and met other investors, turns out there's so much cash laying around looking for deals to invest in, I no longer have to use all my cash to buy#6 paid 85K used hard money for 3/1 SFR, spent ZERO on rehab, sold for $127K (buyer paid $110,000 cash, and agreed to a $17,000 1 year balloon note at 9%, which will pay off next month, created $125/month income for 12 months, and a nice pop is coming!)