I know someone who has been doing this successfully for Corporations and now does it for small businesses.

I picked up on that you were looking at using your 401k as part of the down payment.

He’s clearly trying to play a tough guy, but it’s irritating that he decided to play it this way.

It's outside of the city limits and already zoned multi-use (previously used for a business and a home). 

I've been using various lease option strategies for 30 years. 

A 1031 exchange would require you to identify a new property and use those proceeds towards a property.

They said they would "look into it."

The place could also survive on LT rent or seasonal rental, which is popular in this quaint village on the water for Summer and shoulder seasons.It's one of those two-story old 1890 brick buildings.

- Do you have an in-house maintenance team or do you use third-party vendors?

I'm looking into HVAC options and will be adding AC as well.