When I was younger, my father owned three buildings in an urban area on the main street, which is where I grew up. 

I'll just cut and paste it here:"There are two main ways that house flippers are able to overcome the (very real) problem that most renovations don't increase the value of a property by at least 100% of the cost of the renovations:1.

After five years of active duty I deiced a change of scenery was a good idea, which lead me to Cape Cod.My goals in real estate are buy and hold rental properties, mainly multifamily.

To me it depends how much debt you want to carry.

Meanwhile, since September of 2017, we've been aggressively paying down our debt. 

Moving a kitchen from the backof the house to the front just because you have seen others do it shouldnt be the main reason for moving a kitchen. 

You could record an option if seller chose to wait to dispose after tenant moves to kill your competition.I can't answer your sub2 question without know all about debt. 

I was mainly trying to say it wasn't a commercial loan.  

The main reasons to hold would be:1. 

The main advantage purchasing an existing facility provides is some income while you are stabilizing the property; even if the owner only has 30% occupancy, that's better than starting from scratch with debt service payments.