Quote from @Leslie Beia: Hi!

If both of those things are true, then you have a higher than average risk of tenant turnover, which is where that cap rate is coming from.

Following this thread to see what responses come up. 

Let me know if this is something you'd be interested in doing. 

This will likely be part of a 1031 exchange, with plans to purchase by spring or summer 2025, before the fall semester.Thank you!

Quote from @Frank Weiland: I am looking at my first real estate investment in the Clearwater Florida area 33756 zip code in Pinellas County.

Quote from @Jeffrey Anderson: Quote from @Ben Stanley: Been hearing a lot of investors had their properties royally screwed up from Milton.

Unfortunately, I don't think it's realistic that you will find a generic commercial lease online that checks all the compliance boxes for your state, city, and county.There are limited service property managers that will do retail tenant placement (rather than full property management, which it seems like would be overkill for this one commercial unit you manage), and this would be included as part of that basket of services.You could also hire a lawyer, but I think that property management company will be more cost effective. 

What do you think about this?

So, now I’m looking for advice on where a new investor should begin in this community—whether it’s podcasts, books, or even specific forums within BiggerPockets.I am really eager to learn, grow, make and learn from my mistakes, take calculated risks and in short dive into this whole heartedly.