I am barely looking at them because with my underwriting (that some would consider conservative), even properties below retail bleed cash.  

if you're just doing a touch-up you're going to be paying near retail.

We have a single family home, a small commercial retail building, and now we are pursuing a 5 unit apartment complex.

Craftsman bungalows and historic homes are in high demand.Key ROI Factors:Homes often need cosmetic updates, not full rebuilds, making renovation costs manageable.ARV is climbing as retail, restaurants, and parks continue to develop in the area.Pro Tip: Focus on properties within walking distance of hotspots like Five Points or Riverside Village for a premium resale value.2.

Investment Info:Other buy & hold investment in Pacific Grove.Completed a 1031 exchange into a retail/office building, then converted the second floor into a short-term rental (STR) and mid-term residential unit.

Opposed to buying used one at retail. 

As far as my personal investments, I have mainly focused on multifamily - but I do have commercial retail and office investments.

.$50k your investment$250k - their construction loan$300k all in$400k retail valueCurrent proforma estimates:Rent: $2690/mo (30% of it to me)Thoughts on this?

Have a ton of experience in the rental market, and ground up development including industrial and retail.  

In many resort areas, there are furniture/case goods retailers that will handle all of this for you.