I’ve newly joined our family business in developing commercial buildings and would appreciate your advice if the following potential project is considered as a strong long-term hold.Project Summary:40-year ground leaseInitial investment: $USD 930,000 (which includes the 10 years of prepaid land rent and all other costs  such as permits, contracts, engineering, geotechnical studies, etc.)Revenue & Occupancy:Annual rental revenue (Year 1): the equivalent of $USD145,000 (at 100% occupancy)7% shop rent increase every 5 yearsOperating Expenses:Recurrent yearly expenses total USD$20,000, covering: Security, maintenance, generator upkeep, insurance, taxes, repairs, and contingenciesLand rent restarts in Year 11 with a 10% increase every 10 yearsFinancing:With loan (USD$550,000 at 7%, over 6 years) → Break-even in Year 12After breakeven, the project produces pure cash flow for 28–32 years.

I highly recommend pre-screening like Kiara said, ensuring that you know who you are meeting with (I know other agents & female investors locally will ensure they get scans/copies of their drivers license prior to meeting so you can inform someone else that way you remain safe).It is also good practice to just batch showings together in an open house, that way you are not running over there all the time just when the next person wants to see the place.

Done quite a few deals that were pre-foreclosures and bank auctions, so very familiar with those two arenas, happy to share what I've learned HOWEVER I have no familiarity with how those might work in your state(s)!

Quote from @Bryson Owensby: Have a property I’m looking at that’s in pre foreclosure in DFW.

One of the most overlooked (and honestly, avoided) deal sources in real estate is foreclosures.I’m not just talking about MLS auctions or courthouse steps—I mean direct-to-seller conversations with homeowners who are in pre-foreclosure and don’t know what to do next.It’s not for everyone.

I am about to put my first STR into service. I spent a lot of time getting it set up. Moving and assembling furniture, buying all of the necessary items. It was a blank slate when I bought it, but only needed to be pa...

Can't do any of the things they promise in the pre approval. 

What books do you recommend for syndication, financing, and lending?
For mortgage loan officers and especially those who are senior in their career... what books helped you get where you are today? What would you re...

following that, why doesn't the GP just cover it if its a pre-closing cost? 

I just wish I would've paid attention.