Hi David,I’m just entering the flex space development space and recently joined a mentorship program to deepen my knowledge (I do have experience in commercial MF).

Quote from @Joshua Cole: Hello,I recently had a deal fall through that I need some advice on.  

I recently bought a commercial condo (retail) and have been going through hoops with the seller (developer) to make changes to make the space ADA compliant. 

Quote from @Isadore Nelson: I recently acquired a property with an existing tenant who has been living there for about four years.

Recently I got a huge increase also.

I have observed the older appraisers often have a outdated view of values especially in recently appreciating communities. 

Well was also recently completed 2 years to get to this point ? 

I’m considering amulti-family property in the 76104 zip code of Fort Worth, TX, and I’d love your feedback to help determine if this is a good deal.Property DetailsAsking Price: $169,999 (seller says it’s negotiable).Current Rental Income: $2,400/month (duplex is vacant).Configuration: Combination of duplex and triplex units.Some units are rented at below-market rates.The duplex and need rehab.Historical Income: Seller claims it previously brought in $5,000/month when fully occupied.ConditionBuilt in 1934, so it’s an older property.Some permits were recently pulled (e.g., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

I recently discovered that the 2nd property was a 506(c) offering, which I was unaware of and did not qualify for.

I’ve invested in property in Vancouver and Toronto but have recently decided to take the plunge into the US.