so you can then put it under contract,or does a lender or third party pay for it so your'e not using your own money.

Hello BP community,I have a property sitting on a 31.25 x 200 ft lot though the actual building only takes up about a third of that (31.25 x 75 ft).

So, it seems the risk here in doing a wrap is that you end up playing second fiddle in the event the end buyer loses his job and quits making payments or paying taxes (in that case third fiddle!)

I was ALL IN and anxious to get started, but then COVID hit after the third meeting and we haven't met, since.In both scenarios, I had something to offer; albeit, nothing to compare to the wealth of knowledge and experience they were willing to provide me! 

California farms produce a third of American's vegetables and two thirds of America's fruit (source: https://www.cdfa.ca.gov/statistics/).Now let me ask you a question: what do you think the racial makeup of California farm workers is?

Of course, all very hypothetical numbers.The other slightly below FMV rents are not a problem, it is a facts and circumstances consideration - all third parties, and you may have reasons for agreeing to below FMV - good tenant, payment history, neat, etc.For all expenses, some amount of substantiation should be maintained.

I am using third party property management at 6%.  

Twice.First one was a private third mortgage on a 4 plex that was about to go into foreclosure.

My second and third properties were purchased via turnkey in Milwaukee, Wisconsin and they have been good experiences. 

The facility is in a third tier area or tertiary market.