Even if newer, if it is 'not' a whit-ish color to reflect the heat and solar gain... then COAT it! 

Make sure the construction budget reflects this.

Meaning below scenario reflects 3 possible results and simply want to understand the range of your companies motivations:Property performing at 80% occupancy (poor performance) would earn 1M in revenue for the year.

The fees can increase beyond what most individuals expect; many look upon it as you get what you pay for, others feel the fees are out of hand; yet the developments reflect a degree of maintenance and usually are kept up.

I don't know FB at all but I do know that many folks need to take a serious reflective pause and think before being a cash paying CONSUMER of "training" / "opportunities".

My only concern was if I attach him to the loan with "cash equity", will his credit reflect an outstanding loan (the 80% being financed)?

Keep your personal safety in mind always.If you are given this time to reflect on your business, and your gut is telling you to take this in a different direction, then the solution will come to you.

It just sits there and gets progressively more and more overgrown with the risk of falling into disrepair.As I have little investable cash right now to buy such assets outright, I would like to approach owners of such buildings to negotiate and agree to let at a discount rate that reflects the current state of the property, pay for the cleanup & marketing and then sublet at a profit to a Third Party when the building looks tidy again.

Perhaps a Texas person will chime in here and fill in  the details.An actual assumable loan has a defined process for approving the new debtor, transferring the loan into that person's name and recording the appropriate documents to reflect the change.With a few noteworthy exceptions, as long as the payments keep coming in on time, most lenders will "go after bigger fish", so to speak.

It will certainly reflect in my offer (pending a thorough inspection).