Nor that it can be used to recover damage that the pet must have done.

If you have the cash now you do not want to start small in a cycle for that asset that has already peaked and then spend a few years to go bigger and by the time you get there that segment has recovered and interest rates are much higher.

Do it like this:1 - Wholesale to get your initial cash to buy/rehab your 1st deal2 - Analyze then Buy/Rehab 1st deal3 - Put tenant in place, cash flow starts4 - Refinance your initial cash back out (buy/rehab money).Note:  This is where it is important to know how to analyze, and have your analysis show that the property when refi'd will be able to recover all (or most) of the funds used to buy/rehab that deal.5 - Property still cash flows6 - Re-use those same funds on the next buy/rehab deal7 - Repeat steps #2 - 6 until you can't get any more loans8 - Find a "credit partner" that can refinance the next set of deals.9 - Repeat steps #2 - 6 with your Credit Partner (you will be using that same initial cash here too)10 - Split the cash flow with your credit partner11 - When that credit Partner can't get any more loans, find another and...12 -  Repeat steps #2 - 6 with your new Credit Partner (you will be using that same initial cash here too)13 - Repeat these steps until, well until you get tired of doing it.14 - When you refinance the last property, and take all the cash back out, just keep it.One of the many great things about this system is, in the end, you never actually spend the money...you are just using it...over and over again.  

I was stricken with BELLS PALSY. it has taken months for me to get mostly recovered from this.  

Since then commercial real estate has recovered significantly.

NOTE:  If the bank wont settle than the property can be rented usually long enough to recover the HOA cost and a profit to boot.  

Unfortunately the day we were supposed to fly out to Europe we received word that my wife's mother was in intensive care in Mumbai, so we headed there/here instead and are still here helping her recover.

Also I would recommend that you do a proper inspection proper to tenants moving in and make sure you have it documented properly,  In the event you have to go to court to recover damages the judge will always ask you how know the condition of the property before the tenants moved in.  

If this was Starbucks TI would be expected but that type of national tenant you expect they will be there the full lease term to recover TI's spent with the rent paybacks.A small cafe you are basically buying yourself a job.

Are you basing your under market on the inclusion of utilities or  are you saying under market rents plus recovering costs of  utilities included ?