Hi Dennis, What kind of loan is it for?

You might fumble occasionally, sure, but that’s kind of like investing’s rite of passage.

And what kind of protection are you referring to?

I am kind of stuck on where I should lead him next, since he's busy with school and sports he doesn't have time for a job.

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Hi Brandon,Personally I think it all depends on what kind of "avatar" you are.If you have high risk tolerance and have time to spend, active strategies like flips and BRRRRs will yield better returns and more opportunities. 

If they decide to move out you can do the remodel. 3) are the tenants in any kind of financial situation to buy the property?

I'd like to have some kind of "dashboard" to keep tabs on all the mortgages, cash flows, etc. 

What kind of documents?  

Kind of like sports star's endorsing a care or something.