And you have to wait a month or more in many markets for a work product that takes a couple of hours...been that way forever with no concern to adapt or fix it.  

We kept adapting business practices. 

Purchase price: $657,000 Cash invested: $200,000 Unique Adaptive Reuse Project - Office to 4 Unit STR/Airbnb This was purchased with existing office tenants in place and renovations are ongoing.

I know that would not be comprehensive, but I think it would give me an idea of the pros and cons.A preliminary read of the article you send makes me believe that the paint could be considered a betterment (the paint is better than initially used) or to restore (not to adapt, for sure).My other question was not to determine what is, but when it is fuzzy, how to choose to your benefit.

Or are closing dates frequently un-met?

I do commend you for thinking outside the box, asking for input, and trying to do your best to adapt.

In the long run you can adapt your strategies as you go and become more experienced and see what works for you.

And we’ve had to adapt our strategy with almost every property we purchase for what suits that immediate market.Here’s two examples:Ex1.

I've moved to Medium-term rentals in a few of my markets so I've had to adapt to move of the direct model. 

Is it as simple as increasing rental rates, reducing expenses, reducing vacancy, or addressing other economic factors; or will it require repositioning with different tenants; or perhaps adaptive reuse to a different purpose; or …?