Specifically, I am looking at a dilapidated 4-unit single story "apartment" building that I want to add a second story to and convert to 4 townhouses or condos.

My background is in business management (specifically in the construction and service & repair industry) and IT.

But, it's no secret and our contracts specifically address the assessments being paid off by the seller.

If you have valuable experience with buy and hold properties, flips, wholesale, or anything in commercial real estate as well, please let me know.More specifically, I'm looking for a partner/mentor with the experience and the funds to help me with building my real estate business.

They are perfect for wholesaling and are not state specific so they can be used anywhere.

Or it could be something very specific such as "I wish I knew about 203K FHA loans that can do 3.5% down, and all I had to do was live in the property for 2 years".Thank you in advance!  

If you ever have any specific SF-related questions, I and several others on this site would be happy to help.

I am pretty sure I take all the deductions I'm due and I've vehicles such as as solo 401K, self-directed IRA, Roth, etc. but I think I might be missing out on larger-picture strategies for investing and tax savings.

I thought I would present this situation to the BP community and ask their advice and opinion on the whole concept of paying off debt versus using Real Estate as a vehicle to help you reach your goals.

@Matthew Gainey as stated here the "2%" rule is really not a rule at all but rather a specific outcome of the rent to price ratio.