There's space to build out another apartment as well as a potential office space in the basement with a zoning adjustment.

There's space to build out another apartment as well as a potential office space in the basement with a zoning adjustment.

Currently for commercial loans in NJ I’m getting properties deeded to the LLC, personally guaranteed by me. 5-6% rates, 25% down, 25 year loan term with 25 year amortization, rate adjusts every 5 years to the 5 year treasury rate +3%. 

Comps that are most like the subject property in layout, appeal design, neighborhood, same bedroom count and adjusted for different bathroom counts, with bracketed sq. ft. and bracketed sales prices. 

I've only been back for a few months so i'm still getting adjusted but 'm on the Title side of RE and have a couple of investments.

If it's already thin and the basement is going to be an issue, I'd drop it or have their agent to light a fire under their asses to adjust the price before they lose it and have a foreclosure on their record.

43 total units for 1.8 million-  Northeast Ohio, and hour from Pittsburgh and an hour and half from Cleveland6 six-plexes and 1 seven-plex C to C+ properties in a B locationBuildings will need roofs over the next 5 years, but no other major structural issuesIt appears to us that rents are at fair market value for the area, so there would be little room to adjust them upBuilt 1988-199027 units are one bedroom, 16 units are two bedroomWalking distance to several nice restaurants, gym, fast food, bank, multiple other commercial businesses.

Those with moderately leveraged portfolios adjust their rents as needed, and simply shrug their shoulders and vacation domestically for a couple of years before using some of their equity to buy the bargain basement assets of formerly highly leveraged investors.  

It is far wiser to invest in purpose built rental income properties and not risk the damage or the decline in value when markets adjust.

Home Depot sells adjustable replacement screens about $10 each, a window sash lock is $5.