Because of the high interest rates, it's hard to find any building that's in truly move-in-ready condition that will allow you to live entirely for free regardless of the neighborhood.

Purchase price: $2,225,000 Cash invested: $350,000 Purchased a 40k sqft ft mixed use building on Main st in Middletown, CT.

If it is im not even sure a city will allow you to get a building permit on someone elses land.

Get rid of debt, build a budget, and save.

Although this time of year (late February) I’m ready for that breather to be over.

We have been able to set aside some cash/savings over the past few years of marriage and are ready to invest in real estate.

I promised that we would not build a new home; the home was his parent's, he wanted it to stay What made you interested in investing in this type of deal?

If you have not run your own business beyond real estate before, I strongly recommend that you get in touch with SCORE (Service Corp of Retired Executives) at www.score.org.They are a free resource (part of SBA) that will help you to evaluate the financials of the company you're looking at buying, build a business plan and to understand what you're getting into. 

Some of those building had extreme structural damage that would need to be identified by an engineer or architect. 

These buildings are zoned like hotels and have all the requirements you need to rent and make money accordingly.