I too only invest in industrial, primarily single tenant NNN and industrial outdoor storage in DFW.What types of deals are you looking at?

I have researched these types of deals a bit and see quite  bit of "stay away" "too complicated" etc.

I would check with your municipality and codes office from what you have stated this property is uninhabitable and should be condemned if you have a friendly codes officer that may be another option to look into.Obviously, this is not legal advice if you do the lock out and board up on your own just know the consequences; in my metro area an illegal lock out will get you arrested and law enforcement does not want to get involved in this type of issue too much liability for the officers and the city.   

Hello- Can someone please tell me if I will have to pay any type of federal capital gains tax on a property that I sell in Washington state that was given to me? 

Typically, individuals are better served house hacking in expensive markets vs. buying levered real estate in lower cost of living areas.Happy to chat if you have any questions - feel free to reach out in DMs or contact info in my bio.

But if I can just use one of these solutions to serve as a hub in an otherwise chaotic project, that's still a win in my book. 

Check with your attorney, but these types of businesses are all over the place.

There are two types of returns that you get from real estate1) Cash-flow2) AppreciationYou already mentioned cash-flow will be negative so that is a negative return.Can you estimate what the appreciation will be for the next few years?

I use to serve in a military unit in Birmingham, but that has been about ten years ago.

Hi Nicholas, we normally adjust the terms of a standard lease based on property type and landlord's requirements.