I said "you don't need to write a report, just take a look at this and give me your opinion"Her response was "uh no thank you" and so I have quietly gone about getting opinions from various programs and agencies such as the local Chamber of Commerce and Small Business Development and Community Funding and Development, my realtor, local real estate investors, and various programs and it's been an interesting process.Probably the highest and best use of this piece of property is child care.People are paying $125 per week per child for child care.Eight kids equals $1,000 per week.$1,000 per week is "high wages" for this community.The building is large enough to support a large number of kids.Sixteen kids per week equals $2,000 Twenty four kids per week equals $3,000I can't make $3,000 per week turning this into a duplex.Someone mentioned turning it back into a church and that is a good idea - I like it because it can be done while I'm doing these other things and just have that as additional income!

Need I say more.Savings: $6,000Talent: I love details, photography, and I'm web savvy because I'm a web developer even though I'd like to be a full time investor and say good-bye to tech. 

If you do buy it and allow him to stay (via lease or other means), make sure he signs something that says in BIG BOLD LETTERS something to the effect of "I UNDERATAND IAM SELLING MY HOUSE TO JOHN SMITH AND THAT IF I DO NOT MEET THE TERMS OF MY LEASE, I MAY BE EVICTED. 

I'm in the Denver area and I'd suggest you check out the Small Business Development Center.

Looking for some experienced developers to help me out on this one.

But, this could also have 0 effect on anything, which it very well might.

You want to know about crime, owner occupancy, new developments, where are the businesses moving, where are people moving to, which areas are getting city investment, which areas are getting private investments, etc.

I'll share this with  my developers.

the domino effect would prevent my sale, which would prevent my buy bla bla bla i need a drink!

Michael, it depends upon a lot of factors.For people involved with REI, it depends upon what you want to do with the business as there are different tax rules based on type of entity.For holding rentals, I generally recommend an LLC if you are setting up an entity at all.For flipping and development, I generally recommend an S corp.For wholesaling, my recommendation would depend more upon your specific business.