My first deal will likely be one that needs a minimal amount of rehab so I can familiarize myself with interacting with contractors on that basis, realtors, title companies, inspectors, etc.

I want to be sure I have a contract that allows me a 10 day inspection period and 30-45 closing period with minimal to 0 EMD.

It’s about 12% right now They are trying to minimize renters in the building.

2b) Is there a way to manage the risk of owning many highly leveraged properties other then having reserves and implementing efficient business processes to minimize vacancies and other expenses?

Pretty thin, although the property is in the number 1 highest occupied market in the state and the building has averaged 98% occupancy over the last 10 years, so vacancy risk is rather minimal Thank you all for the insights!

What you will typically find is that cold belt states are more heavily overbuilt versus demand whereas many warm belt states are expanding so if one space goes dark under a 20k sq ft box then many tenants ready to jump inline and expand in that area.No retail apocalypse here.

The paralegals do all the heavy lifting and get minimal credit.

those are probably all of the most expensive big box stores to go to, I use direct vendors and large wholesale orders to minimize my expenses usually saving me about avg 30% overhead cost as compared to what youll pay there

@Kiera UnderwoodOnce again I’m new to all of this and will definitely have some learning curves but I’m hoping that the sheer amount of education and networking I do first will help minimize that.

The theory being that owners with minimal skin in the game will be less likely to prevent loan default.As such, most lenders will use the "lower of cost or market" approach for purchases or refis within a short time after purchase.