Both my wife and I are wanting to get involved with Real estate, I have been researching areas, listening to podcasts, and reading books to expand my knowledge.

The hard part is timing and coming out of pocket initially until you're able to refinance using your new (higher rent) leases. 

Retail use or office buildings are $1M+, but I'm not a developer at all.In my mind, considering a property is already present (and might involve demo to upgrade the overall property), what's the best way to analyze this property.

If the IRA is involved, then you personally may not bring money into the deal. 

Also likely, the property is a little bit unique and that might have scared them away.Thanks for the feedback regarding lenders and others involved!

There plenty of other opportunities elsewhere, my clients are involved in institutional grade properties across the country.

What can be helpful, which is worthless, but helps gauge how amicable the parties are, is to ask for a hand written letter from the other spouse promising they will in fact show up to sign off the day before or day of the closing, allowing the sale to happen. 

All involve a car and beer.

Part of that involves tracking depreciation on the property. 

BK Judge released BK hold to allow foreclosure by me after I proved the Original owner had quit-claimed property to another party 8 years ago.