I would truly love to connect with you ASAP, In learning more of the business as well as Advise on getting started. you may contact me at ([email protected]) or call me at (469) 279-6701.

Your best option is to get the full property performing before you move in, as your occupation in the larger building does not enhance your cash flow. 

And when you do call them back I would advise you to have a basic research done on the property you are calling about before you actually talk to them because they are under the impression that you know everything about their property. 

Can anyone advise?

I hope to start investing with performing, first liens to continue learning and then eventually branch out into seconds and non-performing.  

So I advise that when you set up the lease you also talk with everyone on the expectations.

Most of the guys I know who are using little to none of their own money have at least a ten year track record of solid performance.  

I did have my CPA advise me that the New Jersey Business Membership or words similar to that order is an organization that offers many benefits which a big one in the you will qualify for New Jersey Manufactures Insurance after you are a active member for one or two years.

So if you know or have used this already please feel free to give your advises. 

In regards to your concerns, you should put together an MOU regarding the terms of your agreement with performance clauses protecting both parties, and eventually lead to a JV agreement.There are several other methods to protect yourself as well as the owner/seller, however, too lengthy to write about.Don't be too greedy, otherwise it will limit your relationships and longevity.