Hi, Not sure of the correct terminology for this part of RE, so apologies in advance for clunky language.  I'm interested in learning about taking a lease for a space that I would in turn sublet for yoga/pilates/fitne...

@Justine Scheuher, here are a few thoughts:1- Can you create a "master suite" in the basement leveraging the existing no-wall toilet?

Sounds like a master lease option?

It so happened that there were many fine people who had prepared exact presentations based on the negotiated time agreed on in advance… it was part of the Agenda on the website… they had to rush thru their presentations because the HOG MASTER would not shut up.

Isn't that essentially just a master lease?

Buuuuttt haven’t quite mastered my two rental properties with getting them under an LLC.

.** As a new agent - (write this now) your best client is YOURSELF - represent yourself - get out there and in the market - look at 20-50 buildings (houses, commercial, businesses with real estate, lots and land) - know more about your local market (and sub-markets) than anyone else in the area - you need to know the estimated value of properties in your marketing area - (if someone gives you a street name - you should be able, off the top of your head to know the value) be the most informed of zoning changes, tax sales, foreclosures, auctions, the county's master plan, study expired listings - talk to real investors (not those turkeys who just took a GET RICH REAL ESTATE COURSE.Buyers and Sellers are liars - they will waste your time, eat a hole in your wallet, run you around, make bad offers, call you at all times of the day and evening - they will be demanding - you don't need to baby sit with people who can't make a wise decision! 

This is a big spread, I know, but houses in the neighborhood are selling in this range and mine has some of the more desirable features (waterfront, remodeled kitchen/master bath, and tile/laminate floors where most have carpet).

Learn from the masters!

This is a master class on how not to do something.At this point a commercial attorney is needed and one maybe that has litigation experience if it gets that far.You spend money in the beginning to set things up right going in.