Thanks in advance,Alex Hey Alex,I am located in Baltimore and familiar with the PA market.

I do not individually allocate for the small items but the maintenance/cap ex worksheet contained the reasonable costly stuff like you mentioned then had an entry for all of the small items (bathroom lights in some of my locations do not last 10 years). 

We have the full gambit from 1) finding and buying the right property in the right locations to 2) professional execution of the design to 3) discounted property management services.  

Given it's location not far from the ports of Richmond and Oakland, and that the Chevron oil refinery is nearby as well, some of that is likely be driving the highest and best use assessment. chris in the deep south they turn the anchor store into a big church..  

Location is key.

If you keep it as an investment property, a lot may depend on your location and condition.

However this was a unique parcel given location and physical features ..

Personally I like the Section 8 program when the property is located in a super poor area with a ton of blight and crime.

You're buying a specific property, in a specific location, in a specific condition, subject to local rules and regulations.

I like the location and the price is 650kHey Max, you are referring to the old Gem building.