If it really costs $25k he will be coming back to you for $5k more, but if it only costs him $15k for materials and labor don't think you will be getting a check back for the extra $5k......This does require a little bit more legwork on your end, trips to stores, etc, and most contractors will actually have some connections where they can buy certain materials at a better cost than you or I would get at retail prices. 

The part I did find surprising was the correlation between a Dunkin' Donuts store and home appreciation in the neighborhood.

The particular property is 8 units with two store fronts.

It doesn't have to be exclusively real estate, it can be grocery stores, salons, gas stations etc.

@Steve Perkins  your way really makes sense to me. i think thats the way im gonna go. i am going under contract on my first commercial property next week. 18 units and 3 store fronts. why type of coverage would you suggest. i've only owned a duplex with no problems and this deal fell into my lap. any info would be greatly appreciated 

What kind of insurance will i need and any advice in general thanks ahead of time. 18 units and 3 store fronts

Once this is done, you can then send the money to buy the note, and use RM to store it for you.

You offer to become their right hand man, you show up to the property more then they do, present at every inspection, pick up material from stores, anything that they could think they need you offer. you do this 2-3 times things should get repetitive take that knowledge and go out and try your own deal.Win-Win. i get more working capital when i purchase and if the property sales for less then what was expected im not the only one that's taking home a little less.

High" unemployment and "Declining" populations are keeping the hedge funds and mum and dad investors on the sidelines.I am sure most Ohio investors would feel like kids in a candy store snapping up all of these awesome deals ;)Thanks and see you around the forum.Have a great day.

.- good way to store and manage the calls.