I would def consult an attorney the most expensive advice you can get is the wrong advice so I would consult a local attorney like your doing, I would contact the local REIA(local real estate investors club) & talk to them-they should give you free consultations, & I would call the local BAR & get referrals, if you can get it in your name then you could cashflow it, rent it, the renters could be an issue but TX is a friendly landlord State :)  anything can be rented really, even people who don't own the props rent them out sometime if the owner is absent or not in the loop, much success!!!

In the 'south end of town' across the river here, c-stores have security bars / burglar bars on all glass. 

Investment Info:Industrial buy & hold investment in New York.

I was renting a three bedroom apartment in New York, at the time I was married to my first wife and our son was about five y/o.

I am in New York City and I would like to know if it is a good idea to wholesale as an agent?

I live in New York

Look where you see decent corner neighborhood bars that are busy on Fridays and Saturdays. 

They don't have a restaurant or bar on site, but is there anything specific I need to include in the lease regarding alcohol distribution? 

@Jim K.Definitely hear ya, I live in New York, Long Island to be specific.

@Stefan HuberI am a fellow investor from New York who invests in Allentown.I recommend using @David Ribardo as a realtor within the area.Feel free to reach out to me if you would like his contact information.