This is a follow-up to my last post, wherein I was contemplating walking away from my first potential deal (I did), mainly because of the inability to see any sort of detailed financial history for the 8-unit property.I tried doing some searching for my particular question in the forums, but I can't seem to figure out the right keywords.

I just got a 4 acre city lot rezoned from SR to C and also negotiating on a 1 acre rural industrial lot on a main highway.

Mainly because you are calculating using a Property Tax based on the last price.My client argues that it is reasonable to use current expenses to calculate the price, because you are supposed to create a selling price that is the most attractive for the seller (higher price).

You just have to make sure that your property is rented and meets the 1.2 debt service coverage ratio with the rental income it brings before you apply for the refi.I am assuming you are planning to buy with your own cash or some form of short term private financing.

What I'll add is the main difference between REIT and syndication structure is that as a passive investor in a syndication, you actually become a partially property owner and get all of the tax benefits of it.

I want to start doing buy and holds as soon as I have enough capitol for my first one and would like to get to a point where this is my main stream of income.

For example, I am better experianced on the Eastside, mainly the suburbs, but other agents are more familiar with the Westside. 

You simply may not use part IRA and part personal money to acquire a property using debt-financing. 

That’s why I requested the estoppel so the main terms were clear on this form, where it wasn’t clear on the lease. 

Shayan Soltanian I think I commented on your other post.I would advise finishing school on time (4 years) minimizing debt, avoid if possible.