Comparing markets side by side like this not only clarifies tradeoffs but also highlights where gut instinct and data align, making strategy and execution much more confident.

Alignment with investors who actually understand what they are investing in is essential.Anyone with a real track record will tell you that adversity is unavoidable in this business. 

Not sure his goals align directly with an SDIRA/Solo 401k...Prohibited Transactionshttps://www.biggerpockets.com/member-blogs/2810/44738-prohibited-transactions-for-a-self-directed-solo-401k-or-checkbook-iraDisqualified Personhttps://www.biggerpockets.com/member-blogs/2810/47960-disqualified-person-in-a-self-directed-ira-or-401k

If the tenant rent supports the new payment and your goal is to recycle capital into more real estate, a cash out refinance frequently aligns better with wealth building.

Property overview (high level): Stand-alone commercial buildingLarger and more functional interior layout than the prior locationFully built-out commercial kitchen (hood, suppression, bar, etc.)Adjacent outdoor patio space already set up for dining (big upside)Comes with all FF&E includedNo residential component — pure commercial use  Deal structure (seller carry): Purchase price written at $1.2M~$1.0M attributed to real estate~$200k attributed to FF&E (included in the sale) Seller financing on $900kBuyer cash in at closing: ~$275kInterest-only period initially (no balloon language currently in the contract)Target hold: 5 years, then refinance into a 25-year commercial loan  Business context: The restaurant historically did ~$950k/year in revenueWe are owner-operatorsConservative projections show the business can remain profitable even with slower $1k days mixed inGoal is consistency, margin cleanup, and NOI growth — not aggressive expansion  What I’m hoping to get feedback on: Does this structure make sense from a commercial real estate perspective?

One thing I started doing: scoring each comp on quality, not just picking the best ones.

Quote from @David Peschio: I recommend you call and interview many property management companies in the area.From my perspective, a successful relationship hinges on aligned views regarding property management strategies and common goals.

The question is whether it's the best CA deal you're likely to find, and whether the appreciation play aligns with your timeline and goals.What's your exit strategy?

A cost segregation study basically separates your property into components that can be depreciated faster than the standard 27.5-year schedule.

Deals rarely fall apart because of strategy.They fall apart because of missed details and poor follow up.Strong operations support keeps timelines clear, communication aligned, and every moving part tracked until closing.When the backend is handled well, closing becomes smoother and more predictable.What part of your deal process would benefit most from better operations?