A system I've developed in my business is I pay 1/4 of the project upfront for the contractor to buy materials and then we develop a weekly "draw schedule" for the remaining amount.

I would only roll the gains into the opportunity fund, the remaining would go back to buying those same toys, vehicles, etc. being that I buy at such a discount.

I called the local Zoning officer to ask if the facility is "Grandfathered" in and remains Commercial zoning status.

The general character, look and feel, etc. will most likely remain low-income for the immediate future just due to the architecture, layout and demographics. $350k is a decent price for a duplex anywhere in Boulder County, it’s a very entry-level price point.

I would think that having a cashflowing property with little (or hopefully zero) capital tied up would only help with fixing your credit (via extra cashflow to pay off debts) and get you in a better position for the next move.

Another alternative is what we do, which is help you get setup with business lines of credit so it's not tied to a property and does not show up on your personal credit report.

To be safe, allocate 20-25% against the gross income for both properties and then use the remaining numbers as the true NOI. 

I applaud your decision to dive in, but (forgive me for stating the obvious) you'll tie up a lot of cash if you put 20% down on a property >$1M. 

It's unrealistic and she's got the typical poor-person mindset that she loves New York and she loves her cat and she loves her dog and she just has to stay there...which is why she will always remain poor.You want to help her?

Most buyers do not hold for more than 5 to 10 years.I often find the sweet spot is how many years are remaining on the primary term.Example a newly minted lease of 15 years Davita going for as an example a 5.75 to 6.0 cap rate.