After switching hands a few times over the years, the house at 2830 Park Street was purchased by the Florida Cabinet using what’s called the Internal Improvement Trust Fund.In 1982 the state Department of Corrections took control of the house and used it for what’s called a Women’s Adjustment Center — a sort of halfway house for female inmates with short sentences.Now, a Department of Environmental Protection spokesman said his agency is in charge of selling it off, along with other excess state properties.

Add to that you are essentially getting a free GC to oversee work, quality control it, negotiate pricing, hold vendors accountable, etc.In PM it's ALL about finding the right PM with lots of experience and who knows their stuff.

I will suggest this.... get in front of multiple lenders, ask for any grants that may be available, or other programs that might offer down payment assistance... usually for certain neighborhoods the city/county is trying to spur investment within. 

I understood the contract that I was entering in, and I also understand that there are a lot of moving pieces in play, of which I am unable to control; hence delay in closing happens. 

I also understand you relinquish some control of your investment.

That is what I love about commercial properties is the control you have on the value of the property.

With the custodian approach, they hold the funds, sign every document, cut every check, and receive every deposit.If your investment interests are more dynamic, and will involve multiple assets or assets that require a lot of transactions such as rental property, then a plan offering checkbook control such as an IRA-owned LLC will be more more effective and efficient. 

I'm going to get her to sell it to me. not sure if you know but how is the Housing Choice Voucher Program in Portsmouth candidate wise?

hey to answer your question I havent get into the programs that are available now but back in 2012 I wholesale a property in Arkansas from Florida..

You may have been speaking with someone about the wrong kind of funding and program.