Buying and adding value with warehouse/retail properties

[Josh Shapiro]

Hey folks. Just wanted to pose a question to the seasoned warehouse/retail landlords in Florida.... ive been trying to find deals whereby the rents are below market and i could renovate and re-lease at market rates in order to obtain the good return (better than the meager 5-7caps. Ive been looking at these listed properties on co-star and have found that the properties have already had the value added OR the data the broker has is completely false and expenses under stated etc. Anyone have any suggestions as to how to find deals? I also understand i have tons of competition. Do i wait it out until properties hit the market at reasonable prices? Is Costar where all the passed up assets go? Would like to hear from the folks that actively do this....