Or, look into paying down any other debt you are carrying.Securing FinancingSpeaking of debt, knowing what is on your credit report is another key component of making sure your debt ratios look good to lenders.

This gives you the right to cancel in the event you find more repairs or the seller hid something from you that is detrimental. 

However, financing a 6% cap rate with a 5.5% loan will have the opposite (i.e. detrimental) effect on CoC, and this is because there is only .5% spread between your cap rate and loan interest rate.

We've hired an engineer a few years ago to value various components in our buildings to speed up depreciation. 

Curious to see your numbers, primarily the HML component.

The absolute bare minimum on a property with every major component 10 years old minimum.   

You're right about being so mindful of helping others that it can be a business detriment.

Of course regrading your whole yard is first component of getting a dry basement. 

I am not joking when I say there are thousands of multifamily syndicators right now looking for this stuff.I do look at larger retail value add projects but they have to have a really big upside component to make that worthwhile.

Once the property is under contract I have it inspected to determine the current condition and life expectancy of all major components and appliances.