Denise, I know this is an older post but Bob Holliman is a stand up guy and great CPA in Mobile, ALwww.hollimangroup.com

Stand out from your competition and it will be a non-issue.

Lawyers have malpractice insurance that gives you recourse if you get bad advice.I stand by my opinion that the original post as written was somewhat misleading, but appreciate your clarification, which helps move the discussion forward and provides more info to others who may be reading.

HECM stands for Home Equity Conversion Mortgage.

Considering two properties in Bates-Hendricks (Iowa St) and Irvington (Butler Ave).

@John BakerJV stands for Joint Venture.  

The burrow is called Jamaica Plain and while it's real estate prices having been steadily increasing over the years, along with neighborhood amenities such as shopping centers, the quality of the population has increased ten-fold and will only continue to crowd out whatever bad apples are still left.

Steer clear of Ares in Norfolk like 26-42nd st and neighborhoods in VB such as Green Run and Salem.

You could hold out and hope that the development that's been happening in South Lebanon for the past decade would eventually spill over into Maineville but as it stands right now you're safest bet is going to go the residential route for the building.

Very strong marketing is required to stand out from crowd.