You will over see and project manage the acquisition, the rehab, and the re sale with a realtor, and earn the other 75% when the property retail sells to a Home Buyer.

I am am member of NAIOP Seattle (which is more geared towards development), ICSC Seattle (which is more geared towards shopping centers/retail), CCIM Seattle (which is a commercial real estate group which is great knowledge for indepth underwriting) but also attend local events for LANS, RHA and REAPS.

Please remember that I come from the retail side; and I don't want to pay any more than I have to; but also need to make my numbers work on the cash flow side because I am buy and hold buyer.Thanks in advance for your help,

Also would it be difficult to find a retail buyer with an IRS lien on it?

Also I have been working as an artist in the retail industry for 12 years.

**I agree, although in some cases Lease options are still useful if the purchase price is a little above retail AND there is good reason to believe the property value may rise significantly.

Hence the reason I think it will sit for a while, the bank wants full retail on a property that needs $15K worth of work.

is it 9 multifamily units and 1 retail unit?

A developer who can obtain a higher per sq ft rent income once finished can pay you much more for your land then another use.So for example a retail site rents are much higher then an industrial site.You need to look at planning and zoning current and future land use map for your land to see what would be easy site plan approvals to get.

Our intentions are essentially to build 60-70 units with the ground floor area that faces the street to be utilized for retail shops.Has anyone had to deal with family in such a way that might be able to recommend a method to convince the certain family member that spending 3-5 years battling for council approval will be more profitable than 3-5 years of fighting a dying business?