This property couldn't stay more than 50% full for retail at 15 sq ft.I told them I couldn't help them and office might be better for it given the poor locations and other negative factors.The REIT manager agreed with me but said they are bound to rent at a certain per sq ft due to shareholder agreements and operating guidelines.I asked if they would sell to me for less and he wished he could but all under one loan and they didn't want to bifurcate to sell off.They asked me if I wanted to try and lease it up and I politely declined.

In 2012, I take a $30K net loss from real estate operations.

You can do multiple tours using Redfin agents with NO obligation and pretty flexible to tour at your schedule, as long as they are operating locally in your market. 

Detailed monthly cash flow statements in spreadsheet form populated with actual dollar amounts (certainly ok to redact address, etc)Annual Property Operating Data in spreadsheet form populated with actual dollar amounts (again, certainly ok to redact address, etc)Unlike normal rental properties where the rent is consistent throughout the year, these rents swing wildly from peak season to off season, so I want to make sure I am modeling the cash flows correctly.Sincerely,- Rick

I'm a young professional that owns and operates a successful insurance business, but I have not had any luck with any of the local "big dogs" in real estate willing to take a moment to share with me their thoughts on wholesaling.

@Tiger M.There is definitely equity in the property - say $30k min.There will be a mortgage inside the contract and I haven't moved forward with these guys yet so I don't have the documents to answer specific questions regarding acceleration clauses. 1st position of course, owner occupied, and in the Midwest.I'm going back to MN to visit family and plan on checking out his operation.

The Lease needs to be clear in its definition of what you are trying to accomplish here which is that the Tenant pays for all of the operating and maintenance expenses of the property.In addition be sure to include an understanding of who pays for major capital replacements (not just maintenance) such as replacement of the heating and air-conditioning units, water and sewer lines, electrical mains, roofs, glass, etc.

Is that the annual revenue from the hotel operation?

I did some digging, called the broker who claims to have done 1000's of loans and operates a legitimate business.

Every month ask your PM when you get your operating statement what the charges are, and why the items are breaking and continuing to be replaced.