Right now this is a small operation (under 75K gross/year), but we are hoping to get it to grow.

And I'm in Pennsylvania, not Louisiana.The tenant has a legal right to "quiet enjoyment" of the property.

@Shasky CharlesBlue ocean opportunities in commercial real estate by Cherif Medawar This is an amazing book that is available on Amazon for $2.99 Cherif Medawar is an experienced investor, teacher and a real estate fund manager so he has a lot of experience and his book details some great strategies and concepts - I could not put it down and have recommended to many people who enjoyed it and used its business models

We are concerned about the overall condition of the property.

We are looking at purchasing a property in the Jax area.  

Better to build your own equity through the debt pay down, enjoy the tax benefits of ownership, and garner the equity of an appreciating asset.

Better to build your own equity through the debt pay down, enjoy the tax benefits of ownership, and garner the equity of an appreciating asset.

Welcome to NYC and Welcome to BP I am sure you will enjoy both equally 

The lengthy closing time was going to be a deal breaker, as I am buying in a location we are moving to. 

If you’ll pay the $500 equivalent to fixing the broken cooktop, I’ll pay the rest and you can enjoy a new stove for the remainder of your lease.In court, if she left at the end of her lease and you had a broken cooktop, you could only recoup the 4/15ths or whatever of the remaining useful life was, against her security deposit.