Not only is the new owner taking subject to local law, but taking subject to means current owners cannot conduct sham sales in order to evade tenant protections. 

Area has mix of older retail strips, motels, banks, gas stations, some QSR, a few independent restaurants, services (barber shops, etc.), and retail, warehouses, factories, and a business incubator for entrepreneurs. 

@Alex Rivera Jr.Depending on where you live starting out with a house hack is a great option locally.

Thank you.You will have to pay a little more if you go the HM route, and for the first one or two if you have a good local, conventional lender that will do that you would be okay, but HML are great for speed, efficiency, and some quirks, depending on the lender.It might also depend on your capital and how much you are wanting to spend on the first one.

Connect with fellow investors, mentors, and experts through local meetups, events, and online communities.

We were currently spending $850/mo for a local 1000 sqft garage space that was being used for storage and shop purposes.

Mid-term Rentals: Utilize platforms like Furnished Finder for still higher rental income potential but less management than a nightly rental requires.Commercial Real Estate: Explore opportunities in office buildings, retail spaces, or industrial properties for potentially higher returns.

Not sure if someone out there or a local company specializes in these type of transactions?

To kickstart your journey, consider networking with local investors to gain valuable insights.

@Jamie Parker  I would start talking to local banks/credit unions that do investment property construction loans once you have identified the project and have some details.