I would talk to your tax person make sure you do this right for both people on this transaction .

Due to the size of these stores it makes it very difficult to rent these locations and in most centers you have to divide the space which requires significant modifications to hvac, electrical, plumbing and storefronts.While this doesn’t answer the questions gives things to consider if buying one.

If you call it a Holding Deposit, you can keep it as damages if the renter fails to meet certain obligations.I would not agree to hold the property until they pay the money in full. 

it has seven offices that can be used as bedrooms if a person wanted to make it a Boarding house, a pad split, or something of that nature.

Spent a lot of money on a useless custom floorplan and various surveying costs. 

Lots of people are moving there money out of B.C., especially with the new STR rules.

As a private money lender, I'm curious to hear what makes an ideal lending relationship for you and how I can better support investors looking for flexible and fast funding solutions.

Yes that make sense.Thank you!

My first thoughts is to install keyless doorlock, ecobee and make sure kitchen has everything needed by guests.

@Anthony Blanco100% through networking and building a positive reputationI do not sell - I provide a lot of content and education to people (at no cost).Networking, assisting others and when you have a deal make sure it goes well and build a track record is the way we have done it