Currently I have a tenant in a retail space that is up for a lease renewal.

)    - you will need to get licensed    - the insurance costs for the building will likely increase    - the insurance for an Adult Day care will be more than a retail business in that space

They are not buying these at big box stores and paying retail prices.

A department of our business is wholesaling and we have been ramping up that department due to the softening in our market on the retail resale side. 

You'd be better off paying retail for something that is in good shape. 

@Rasmus Elmstrøm I think investors who do lowball bids and try to buy below retail rely on volume.

I do believe I can put myself into a position to buy in three years but he’s pretty much asking retail for the properties... there is more developments coming my way and the main road I’m on is being expanded to have a turn lane.

For most of our small drywall and plywood hauls from the big orange retail giant and its big blue competitor, the rack on top of the SUV and the moving blanket+ratcheting load straps that we keep in the spare-tire compartment do just fine.Our vehicle of choice, and I remember the old days fondly, used to be a Honda Odyssey with 200,000 miles on it.

According to him the retail price for this property is $285,000 and so if's that remotely accurate we could make a really good option fee on this one.The challenge for us and this is where we need your ideas, is how do we market this property to the higher end tenant buyers?

A quick glance at housing affordability in AustinMedian Household Income App (Forbes): $73,493 ($6,124/mos)Cost of Living (Forbes): 15% above nat'l avgMedian Home Cost (SFR-ABOR Stats): $302,250Assume 5% Down Payment Conventional Loan- 30 year amortization- $15,112.50 down pmt + any closing costs• Percentage of residents with less than $1,000 saved: 56%• https://www.gobankingrates.com/…/…/americans-savings-state/…- $287,137.50 amt financed- 4.375% interest rateHow the payment looks:PI= $1,433 mosIns= $105 mosTaxes= $458.33 mos (Assume $5,500/yr)HOA= $25 mos$2,021.3/mos PITIDTI’sHousing ratio= app 33% @ median income ($2021/$6124)FHA should be at 31% or less with Conv/VA/FHA being around the same although all have exceptions in placeTotal DTIThese hover between high 30%’s to manually underwritten total DTI’s in the 50’s or higher depending on the programs@ 45% Total DTI Ratio and assuming the above PITI pmt that gives a borrower approximately $734 per month in all other creditor debt (cars/cc/personal loans/etc)These numbers are not perfect but are rather a quick illustration of current housing affordability in Austin for Retail Buyers.Summary: Housing is becoming less and less affordable in the COA for end retail buyersAssuming increases in property taxes/insurance/interest rates on the horizon how does this affect us as investors?