Which gave me an interesting thought for the group... i would love everyones thoughts about the value of " down time" in your business...

They don’t have to be recently remodeled necessarily... although that never hurts... if you can avoid the down-time of the property being renovated it will just work out better for you.Some people sing the praises of 1031 exchanges... but just know it doesn’t get you out of the taxes unless you die owning the property.  

Yes, one of the big hurdles we are planning for is preventing down time or nuisances to the first floor businesses caused buy the renovations (installation of new electrical, plumbing, and HVAC system).

You can always read as you invest since there will be down times when you can't do much anyway (like when waiting for a loan to be processed or when you're waiting to close on a property)

Just a word of caution, it's hard to make them work because there is so much down time (aka mud season - April, May and fall Sept Oct) which are hard to fill.

I do not know PA rules and regulations, but if you lease gives you the right, you likely CAN show it, but again, I would recommend eating the couple weeks down time, knowing you are doing the right thing for your current tenants.

Not sure about the how much down time it will take to have it stained.

If you provide, make clear, tech support = “have you tried unplugging it and plugging it back in” auto response via email only and no downtime will be at your detriment (ie: no deductions for drop in service).

Hard money loans are lumpy in that the loans are various sizes and there is downtime between when one loan pays off and the money goes back out.

I have an apartment right now that is occupied, but i can still show to prospective tenants, so there is very little down time.