That person also has the ability to reinvest it and thus compounding the original investment funds. 

I would consult a CPA, but your maximum tax benefits lie in the ability to claim status as a real estate professional, which you won't be able to do while continuing in your job but she could if she was dedicated to working in real estate (agent, PM, investor, etc.). 2.

Intent, ability to buy, good faith, etc. 

I'm no expert and perhaps don't have the knowledge nor ability to give anyone here tremendous benefit yet but I do believe I can be an asset with my background and hopefully with some investment savvy.

This is on my mind specifically this week as the Washington DC City Council is considering a bill to clamp down on "slumlords" who let maintenance issues go longer than 30 days.  

Not only does BP have great online forums and gives you the ability to network with other investors, there is also free online courses and videos for you to watch and learn from.

A bit of a catch 22, you enter into a purchase contract without the intent to purchase or the ability to buy you have a voidable contract.

You have to "educate" your tenants on the concept and rational for the change which is not in their best economic interest, and offer them something in exchange for the higher rent, otherwise you are going to have a tough road ahead converting them.Your tenants have enjoyed both under market priced office space and underpayment of their fair share of operating expenses, and your ability to now up their rent by 30% and increase their expense reimbursement to market will not go over well no matter how eloquent you phrase your justification for the new higher rent and expense reimbursement.  

Having 60k in debt is going to hinder your ability to qualify for a loan.

I hold a degree in Electronics Engineering and another in English/Creative Writing.I also am suffering from a traumatic brain injury that I incurred while on active duty (Vietnam) that, while not affecting my intellectual abilities, causes minor judgmental problems at times.