I think I need to submit a floor plan as well with application for occupancy?

There are far more important items you should be prioritizing but first so I am clear on the strategy, it sounds like the business plan is to go under contract, renovate the building and then purchase the building once renovated and stabilized?

For me, I prefer to physically visit the different neighborhoods in the area that I plan to buy in as well as look at online crime & census tools (employment, pop. growth) 

(I’m planning on doing a 1031 exchange) 

There was so much that resonated with us, so I wanted to confirm everything you said.1) Our target locations are near hospitals, and our target tenants are traveling medical professionals, but we also have other industries such as Amazon, construction, and military operating in our area who have reached out to us through Furnished Finder (FF).

Picture this: After weeks of negotiations and planning, all parties involved finally reach an agreement on the terms and conditions of the sale.

We are planning to rent it out and move to Massachusetts.

Im antsy as this is my first and just want to get someone in there, the right tenant of course (and I wanted these learnings).I am planning on self-managing first, again to learn all I can.

Some important information:-A large bank is planning to open 10 locations here in Knoxville -Buying at our next location is not an option due to high prices.

I plan on separating in two years and want to be ready for my first investment at that time or possibly before.