Educate yourself on the proper way to evaluate comps, and to analyze deals for that matter. 2.

I'm in the process of repairing my credit after a bout of identity theft.

I'm most skeptical of being able to find the right properties and evaluate them accurately, all without boots on the ground.

Hey BP!So I'm creating this post to get my feet wet and try and see how other investors in the SF Bay Area approach their valuations on properties in the area. I'm currently living in San Mateo but am interested in pu...

If you're only considering fixing the space and renting it to some other business which doesn't have any synergies, then this should be evaluated as a pure investment of capital, and you should weigh that investment vs. an investment in your business, which would yield higher returns.Also interesting is that you have very intimate knowledge about the distressed state of the seller, which most people will not have, and also pretty good knowledge about the building, as you've been there awhile.

A good investor can evaluate and decide the highest and best decision at the moment as to which offers the greatest returnSmall market vs Big Market-  No greater risk if you know your market.  

If I evaluated that property I would use 8.33% for vacancy (equivalent to 1 month's rent) and another 5% for Capex.  

Many deals that I've evaluated would cash flow as-is, still have potential to increase rents, and leave sellers with capital gains if sold on actual NOI.

So for me when I am evaluating properties in that class I use at least 15% combined to account for maintenance and capex.  

I have health issues so most of my work is searching and evaluating props on line.