Make sure you have everything out in the open so there are no surprises which may ruin relationships.

The reason is I don't want to create any agency relationships so I prefer to sandwich lease-option it or do a straight assignment as a principle.

What is the vacancy rate historically?

I am a cash buyer looking to build relationships with wholesalers in KC Kansas City, North NJ New Jersey and CT.

Working with town officials...especially when they find out after the fact...can be very difficult and doesnt help build long term relationships with people that could make your life hell.More importantly, I'd be worried about the personal and legal ramifications of...say a fire breaks out in a non-approved unit.

I'm hoping that I can find some help making sense of all the options.I am excited to get started and looking forward to building relationships with other like minded individuals.

When you jump into any business venture with a family member you have to realize and respect that you now have two relationships with this person(s): one as a family member you'd probably do anything for and another as a business partner acting in the best interest of the business.

Ah Crap,Just realized that this guy Montelongo did business here in Vegas, and it semi looks like I might be sticking up for him (which I'm not)So just one more time for clarity, I do not have, nor have I ever had, any interest or relationship with any guru!

That's a solid indicator that they overpriced it...which will at least give you an idea of what it isn't worth.Sounds like a very unique/historic property, which may limit your pool of potential buyers.

My hard money lender is also a licensed Realtor and was willing to do this for me when I started, but this was after I built the relationship with him and borrowed from him several times.