Initial thoughts are removing trees to give the parking lot a more open appearance, and installing LED lights to light the parking lot up substantially more than it is.

Having a substantial amount of money in the bank is dangerous, because you will tend to render a bad deal into a good one by throwing money at it to make the numbers work.

Once you do this you may find that depreciation, taxes, insurance, mortgage interest, maintenance, and management costs reduce your income substantially, perhaps even to the point of negative income you can use to get refunds from prior years taxes!

If you have no track record lenders will want substantial liquidity post close and for you to have a lot of experience in real estate.It also helps to have several other properties paid off as they’ll look at that as assets you can use in case things go south.

One of my grandfather's has built substantial wealth in the stock market, the other in commercial real estate and businesses.

I'm always amazed at how well some investors do when they buy a home substantially below market, add a few dollars, and boom it's back on the market in less than a year from the their purchase, much higher.

@Jerome Hranka you need an economic reason other than pure tax avoidance in order to substantiate a strategy.

The building must be substantially renovated to qualify for HTCs, and the HTCs are claimed when the building is placed in service.

You actually just nailed the reason for much of your opinion of Realtors - "All the realtors I used in the past were high school educated and people who were barely surviving in the industry".The $70k you mentioned is a substantial sum of money for the listing of your homes.

In regards to incorporating always talk with a lawyer and be weary with what people tell you unless they have substantial real experience investing, Not just hear say of “someone they know”.