It can be a bit of an iterative process as well.

I think that all depends on the volume of business your moving through your business every year.When I was running my development company it made more sense to remain smaller and agile which allowed for shifts and changes that can acure quickly in markets.

I definitely get your frustrations with the lack of cash flow in Sac and understand your dilemma with feeling stuck and out of cash if you buy this property BUT if you can get that kind of deal on a property, especially in a highly desirable area, I think it is way too good of a deal to give up.A lot of good suggestions mentioned - one I think is worth re-iterating is that if you find another good deal in the future, there WILL be a way to finance it.

It's worth noting that the market recovered in 8 quarters during the last recession, and good syndicators will be agile enough to deploy a strategy to ride these troughs out - have a look at this-U.S.

Maybe Op is referring to something different though.You nailed it Eric.

Very cool way of analyzing it @Eric GoldmanIt seems like everything I find that people want to sell is unique and not a cookie cutter way of analyzing the deal.I recently just purchased a 4 unit building with 13 storage units on the property. 

I brought in several iterations of terrible contractors along the way and learned that unless you protect yourself, contractors will screw you.

I expect the same outcome that has always happened at every iteration, the corrupt and elite class will find considerable gains, the lower class will seemingly reap rewards and it will only cost their complete surrender unto the enslavement existence, and the middle class will be slaughtered and battle on.

I would iterate that you're doing this as a owner occupant and not 'developer' so that it's not strictly a financial transaction but you intend on staying here. 

As a small contractor our agility was key and BT made that difficult.