Post and beam construction often may not have "approved" footings in older properties, and/or sinking posts which need reworking to bring the structure to a reasonably "square" configuration.

Reworking the storefront windows and removing all the boarding up was fun.

You will just need to have the script reworked to account for the changes, this should cost you $10-20, max.

Our budget here is the same.Once all the internal bits are done we will reside the building - and are planning to add another 1" of polyisocyanurate hardboard insulation {which will require removing and resetting the windows we just installed to adjust for the new wall thickness ... a little rework that we have not found a way to avoid {yet}]Once all the above has been completed, we will conduct our "post retrofit" energy audit to see if we hit our target of scoring 75+ out of 100 with fewer than 3 air changes per hour.As you stated, the long term goal is to keep our buildings attractive to tenants by making them healthy, efficient and modern (while retaining their historic charm) homes as energy costs rise.

Similarly, I would figure out my GSR (gross scheduled rent) without taking out vacancy, instead add 8% (or more) vacancy as an expense and rework my PM costs.So what is this property worth?

Read "Rework" by Jason Fried & David Heinemeier Hansson.

Also, you would not be painting the room with a flat paint, maybe a satin or semi-gloss, and hiding imperfections on reworked walls with a higher gloss paint is always a challenge.

They can either take back the property or rework the note with you.

If you took this property and reworked the land contract the Tenant/Buyer at 7.5% interest over 10 years, paying around $1,200 will have paid you $144k which will be worth around $100k discounted.

jk ;)I sort of stumbled in to RE working for the past 6 years in bank regulation.