Or is this just in my limited exposure?

I've decided to give it a go myself while budgeting for a PM just in case.

I have mailed him a letter via certified mail and have left a copy under the door just in case.

Also, can someone give me information on some good exit strategies as well, just in case things don't go as plan.

So I feel 1% allows me to account for a little adjustment)Vacancy Rate = 11%Closing Costs = 2%Selling Costs = 6%Cleaning and Maintenance 0.8%Property Management = 11%Repairs = 8%CapEx = 12%Taxes = 1.2% (I tend to adjust this one frequently, but this is my default)Insurance = 0.5%Other Expenses = 0.1% (my flex money as a "just in case")Initial Renovation Costs = $500

Based on comments and locations, I'd propose we do a meeting in Quincy with the following: @Justin Snyder @Patrick Wheeler @Paul Lombardi @Zachary Clough @Bruno C.

(I'm about to go double check the lease, but wanted to put a feeler out there)Also, since I haven't done it before (in this special case or just in general): When screening a new commercial tenant, can all the same tenant screening services used for regular rentals (e.g. mysmartmove) be used, or does it have to be a special thing specifically for commercial property, even if the business that's applying doesn't have a history, and is a new business?

I'm on call as a production assistant, basically just in the market for a new job right now . 

@Justin Would the property still cash flow for you in another recession?

Just in time to save a but load of taxes when I sell my current duplex (owner occupied).