I would approach the deal with one additional assumption:The current tenant buyer will NOT be your end buyer.

I really enjoy this site.Steve, I like this approach.

Removing emotion from the equation will help you develop a more pragmatic approach.

I would be curious as to how others approach the issue. thanks in advance.

Not this weekend though, Rusty and I will be at the conference in Denver.Like Jon said if you want to communicate click on the picture and request a colleague designation and send a note.

Biggest issue is that the things an office building is missing (kitchens/bathrooms) are the most expensive to add.Have you considered a more communal living type approach?

I hate to resort to this type of question but I have read and read and read and read and then Ive read some more on the subject and in fact am still reading on LLC & CORP with their different tax designations.

It seems that, in both these cases, the systems are designed around locating properties and finding investors, using third-party resources.

Maybe approach them and see if they are willing to carry the financing till the end of the rehab and till you hit a set occupancy number, then refi out and pay them off.

The approach would be to purchase the lot using hard money, move the house, rehab/repair and sell.