For instance, we are 2 months since approved for the loan and have only cut trees.

For instance, if there are 100 units in your complex, you own 1% of the building's land.

Our area, for instance is experiencing a very hot seller's market with only ~1.4 months of inventory.  

Of course, you need to read BP's terms in regards to ownership of information posted on BP and copyright rules.No big head on my shoulders!

i apologize if i jump around since there's so much running in my head.

Don't get in over your heads by taking on a property that you can't fix up....

I want to know if the area I'll be heading to in NJ has any new developments planned or maybe even in progress.

I truly believe you are headed in the right direction by writing a post like this and humbly asking for feedback and help.Abel

Hi Ryan,Just off the top of my head, here are some of my thoughts.Look carefully at the zoning and see if there are other possible uses allowed for it's zoning type (and see if the zoning conforms currently).Such as Med/Dental (prob require an elevator), or whatever besides just office space (is the living space unit non-conforming--is it Grandfathered in, what triggers the end of the Grandfather, has that happened, will a sale make that happen (???)

If we are heading into winter I prefer to do like a one and half year lease to line up the end of the lease with the warmer months.