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Updated about 3 years ago,
Investment Opportunity or Money Pit
I am considering a 2 unit commercial property. The roof has about 3 years of useful life left and the HVAC system has about 5 years left. Additionally, one of the tenants has been there for over 35 years. When they eventually move out I will have to update that space and bring it up to code.
This property is going to require constant investment for the next 5 years. Is this an opportunity worth pursuing? What should I be thinking about and considering?
This would be my first commercial property.