I  took over a mature company that had an investor base that I think average age had to be 65 to 70..

Cash flow, especially in this day and age, should keep the property afloat and paying for itself without you having to put more money into it. 

We just finished one flip with a $120K spread that literally no one else wanted to touch due to the age...!

I can only speak to the Texas market, where malls that focus on creating consumer experiences (coffee shops, kids play area, entertainment-based tenants) are still performing well even in this age of online shopping.  

Those numbers are arbitrary unlike taxes and insurance and they vary based on age, condition, area, landscape, PM, and other things.

I think too many people get stuck on distressed, when there is a whole generation aging out that will take fair prices for their assets.

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

If you have a slow leak...coverage is less likely especially with aged plumbing.To the original poster, Salil.  

The seller setting the amount is illogical, and anti competitive because they set the amount under the threat of a group boycott if they offer too little. 

I have a job with steady income but I want to stop working by the age of 27.