Dave Zarcone the 40k other expenses us your problem as well as the rehab cost. i know you said you want to stand out vs corner cutters but your market doesn’t cater it. the 12% other costs tells me that you’re borrowing money at a high cost when others simply bank roll or cam afford all cash. your 22k diff is simple to solve, take out your financing cost and take lower quality materials mixed with unlicensed tradespeople to do the rehab and there will be your 22k. also check bp calc and adjust the fees to reality ie if they set 6% agent commissions, set it to flat fee listing and what not.

Before I moved I worked as CAM or HOA manager, and am currently working as a property manager and plan to take my state licensing exam this upcoming week.Ideally, I'd like to buy a STR with the funds that I get from my house, however the number one thing that I find myself lacking in is my network. 

HI Joshua,Generally retail centers due to rent per sq ft are in the millions of dollars in that area.I do have contacts in that area.For example if you have a 10,000 sq ft retail center in an A area for 20 sq ft that is 200,000 NOI about a year after you add in CAM and take it away when tenants reimburse.So on cap rate alone for a 7 which would be good in that market is about a sales price of 2,800,000.2,800,000 at 25% down you would need about 700,000 plus reserves.Key question is if you are realistic for the area you want?

Cam I at least unplug that?

c) am I correct in being suspicious about possible conflict of interest in regards to the above situation?

So, while scouring the the latest market news, I cam across this great article that that tells the story of a "Flipping Bandwagon" rolling  over the nation.

All of these costs (and several not mentioned) will be pooled together into the Common Area Maintenance or CAM which will be charged back to each tenant on a prorata basis per rentable square foot (RSF) or some other means of calculating as may be negotiated in the lease. 

I cam across Cash Call Mortgage. 

@Cam Schumacher thanks for the mention.

What is news to me is that the CAM fee (26k) is stated as paid to the bank that occupies the end of this building.