I finally found my client a hidden gem: A 1150sqft 3/2 block home listed for $79k in an area with nearly identical $155-165k comps.

My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.  

@Prakash Bhatta  The two most common ways people steal electricity are:  1) by tampering with the electrical panel and bypassing the meter  2) or by fraudulently establishing service in someone else's name (i.e. identity theft) and then not paying the bill and just running it up until the service is shut off due to non-payment. 

A service or companion animal should be treated, from the landlord's perspective, like a piece of medical equipment.

i can see my wife and i building up our supply of yard equipment, especially if we're living in that property for a year or two. i love the idea of getting a chipper - we have some smaller trees that we need to cut down before they become an issue, and it'd be great to turn them into mulch.we didn't know goats could be rented - sounds like a great idea!

Then while replacing the main sewer line the city sewer grunts drove their heavy equipment across our freshly excavated front yards & the weight crushed all our sewer laterals to the main.

As used herein, "permanent improvements" shall include, but not be limited to, all repairs, improvements, and equipment attached to the property as fixtures.

., then having your own license can help immensely as not only do you get a portion of your side of the commission depending on your broker agreement, but you also get business deductions like mileage, equipment, etc. 

Jason,I always want to leave well operating, high cost equipment in place where I can when selling.   

You’ll find these have identical layouts, making it very easy to renovate, easy for maintenance, and the basement can become storage and laundry for extra income.