Hey all,I know a re-development/purpose of a building is a little out of my league right now but I was thinking about the overall deal and it seems like I am still net+ cashflow even at closing, until I get some more experience under my belt and maybe can partner with someone.Details:$220K 10,000sqft building currently rented tripleNNN for $26K/yr.Here is the pitch: " At $21.45 PSF, this property represents a potential re-development opportunity.

The cost is minimal compared to the risk of not having one. 

These leaseholds are not uncommon in lots of states and they were, as mentioned above, used to minimize the cost of building the property which in turn lowers the potential sale price of the units.They are not free passes to foreclose or obtain possession of units.  

What will be your concept to understand repairs to then pitch a property to a rehabber?

Second, what should I do to minimize this risk?

I also listen to the real estate guys podcasts and it's not too bad but they pitch some of there events, but I get it.

I'd like to figure out the best strategy for when I call these investors, what to lead with, my elevator pitch, and how to frame the conversation.Does anyone have any advice for when I call these investors?

I also can break it down further and separate each property to minimize systemic liability. 

While you are showing the property, make a note of anything that will need to be fixed before the new tenant moves in and make a plan to get that taken care of so you have minimal time between tenants. 

A local reia I have attended is affiliated with them and unfortunately I was turned off to that reia because of their hard sales pitches.