Or, if you're using wholesaling more-so as a means to get into REI, you may want/need to adjust your reinvestment percentages.Decide what your overall goal is for your wholesaling career and draw your decision making from there.

Each calendar is an entry into a 52 week drawing for 52 guns. 

Once you are clear on the HOA, then you need to talk to an architect @Prashanth Mahakali is a great architect who would likely be happy to help draw this up and submit for permits. 

I had an engineering firm draw up plans for another 4 potential lots on the land, which may be a good exit strategy.

I had an engineering firm draw up plans for another 4 potential lots on the land, which may be a good exit strategy.

@Adam Craig the appraisal will be net operating income divided by the cap rate for that type of property in your area..you should know how that works before you buy a commercial building.I’m sure you can ask one of your lenders how they’d value it, since they probably see a lot more commercial appraisers than most investors

There are a lot of areas that are undergoing revitalizations and drawing in investors and renters!

It will "mature" into a 20 year fixed rate mortgage that you can no longer draw on.

Sounds like the sponsor hasn't divided the tax lots yet.

@Jeff Owen I am sure you know that CAP rates are determined by dividing your NOI over PURCHASE PRICE.