That street is definitely in a transition phase and given the current market conditions in my opinion you would have to discount units in that building to a point where it wouldn't make sense as a STR.

The specifics should be clearly outlined in the lease agreement.Documentation and Approval:Document the TI allowance in the lease agreement, specifying any conditions or restrictions.

The market rent puts all three together at approximately $2900 monthly.Now here are the details and costs behind the acquisition:Property taxes: $5000 yearlyInsurance estimate for all three: $3,300 yearlyC-class properties (not best location, their condition is about average - older properties)Purchase price: $250,000k$15k down and $235k seller financed at 6% interest for 30 years. 5-year PPP. 

(assuming the property is in good condition). 

This is extremely worrisome as there hasn't been anything on our end that changed, and this means that there is a shift in market conditions.

Hello all, I just purchased a property that is in very bad condition and will require a full gut job. 

Include details on the current market conditions, the potential impact of the solar farm, and your experience in the industry.Network with Investors: Reach out to potential investors who are interested in healthcare or real estate investments.

Many cities have not gotten up to speed with conditional use permits or zone changes.

Original asking was $145K but since the condition was not good we offered $125K and landed in the middle.

So I'm pretty torn on this general idea.I was diagnosed with a major medical condition fairly young.