Any suggestions on areas I should be looking?

Rental calculator seems to suggest this is a good deal according to 1% rule ( not quite 2% but looks pretty good to me already ), the rent estimate was a guess from a near by rental ( there aren't many rentals in Beavercreek somehow ).Above average SD , all three schools are rated 7 ( not sure if this is considered as B, B+ area ).Obviously the numbers would only make sense when the estimate rent can be archived, so my questions for Dayton / Beavercreek BPer - Does Beavercreek have high rental demands ?

Your assets are light for a deal this size to qualify.How debt works and ratio's involved will likely depend on what going in cap rate the income throws off with purchase price.There are hundreds of items to analyze when looking over a retail property and takes a lot of time and due diligence.The items listed for roof, parking lot, etc. can equal in to the six figures in costs so very substantial to repair or replace.

That's asking for all kinds of friction.Here's a short list on the lost value for honoring the "sweetheart" lease:Security depositPet rent and/or pet feeLoss of rents due to under marketHolding costs/vacancy/marketing when the tenant leaves "whenever he wants"Other operational headaches / PITA "tax"Your attorney should have suggested estoppel agreements as well as language in the contract that states no changes to or new leases can be signed by seller henceforth.

Instead I would suggest you continue to learn as much as possible.

So it’s a good idea to create a process to do it w/o being present.What i suggest:1) Schedule a time to meet 2) Apologize that you won’t make it shortly before3) Have them send you a photo of their drivers license 4) Give then lock box code and have them call you when they leave the property This helps since they think you’re going to be there.

If so, any suggestions as to which way to accomplish this and avoid or at least minimize the tax? 

@Mike Dorneman I also suggest that you ask your 1031 exchange accommodator, as they do 1031s all the time.

I would recommend looking further into these things if you haven’t just to be sure you are positioned appropriately.As far as incentives go, we haven’t seen the need to offer any in over 18 months but I like @Mary Mitchell’s suggestion of applying any discount to the second month’s rent.

I had offered a suggestion on a 'Visa' gift card due to its flexibility in spending locations, but I still feel like there is no 'character and personality' in that gift.What are some your suggestions or gifts of thanks that you have given or done in the past with some of your clients and customers?