In five years you'll be in a position to quit and work for yourself full time if you desire.

Our thought is that it can actually be more desirable for some buyers, and also that the HOA could take a cut (say 5-10%) of the profits.

These can be easily purchased for $300 or less depending on the size and material desired.12.)

, than it's likely that the borrower will simply go to their bank instead.Where I really see the benefit in utilizing a broker's service is for a few reasons:1) They don't have the time or desire to shop their loan themselves going to different lending institutions.

Now if you absolutely paid next to nothing for the property with a clean phase one then there are a lot of mom and pop to regional type tenants looking for low rent type spaces.When you pay closer to market you have to know you can land the regional to national tenant to get the rents desired for the profit spread.Is it suited for warehouse or shipping? 

Obviously you will want a building inspection done (same as when you buy a house), which ranges in price but shouldn't be more than $2,000.For items you can do before hand I would recommend checking on the zoning and also be certain that you can rent the space for enough money to get your desired returns; this can be done by talking with your potential tenants or even walking into neighboring business and asking how much they pay in rent. 

After visiting the places and the neighborhoods it became clear why (I have no desire to be a slumlord). 

He lost all of his properties mainly because rents plummeted, his houses were also older, and renters shifted in to other vacant properties that were much more updated.Contrasting to that, my highly desirable Brooklyn, NYC properties didn't miss a beat during the crisis.I also wanted to add that another Investor friend of mine bought a SFH Investment in East Germantown, Philly.

Suddenly I had the desire to see if I could buy the house subject to.

As soon as they can 1031 up into more desirable properties that are not headaches then they will do so.