@Travis Bodnar,  your post has me smiling because I was in your shoes back in the day.... 

If I were in your shoes, and I have been!

@Andrew AcunaPlenty of arm chair investors that don't know the difference between a shoe horn and shoe molding.Regrettably the majority of tenant problems are created by incompetent landlords.You have read the posts....my tenant regularly pays late.

@Jessie Nunley"Don't take advice from anyone you wouldn't trade shoes with"Don't worry about them, you will get A LOT of negative feedback, being scared about the "what if" scenarios, whereas if you have a business plan-- trust it and move forward!  

Heaven help the rust belt when the shoe falls. 

I buy Nikes running shoes, at the outlet mall.

And while designer accessories can have resale value, I've obviously been unable to re-coup some of those dollars through eBay sales...Some lottery players wouldn't dream of spending so much on a pair of shoes... unless they won the lottery, of course.....

That's what I'd focus on in your shoes.

While you may not have as many tax benefits on this deal, If I were in your shoes I would try and balance out my tax strategy on my next 2 to 3 deals. 

Put yourself in the sellers shoes, and then the agents.