Ensure they’ve successfully completed similar projects on time and within budget.

This particular commercial property value is going to be based primarily on the income it can generate (actual or projected) to the buyer.

I am not averse to something in the 10-35k range but would need to find the right mix of location and situation to pull the trigger on a project like that.

And how much rehab ($ amount or $ of PP) are you comfortable with in your projects?

The city’s diverse workforce, combined with new developments and infrastructure projects, ensures that there is a consistent pool of renters, which can result in reliable cash flow for property owners.Finally, the Detroit real estate market is supported by numerous incentives for investors.

I was on a ZBA meeting last week for one of our hotel projects.

In a previous life I projected managed 54 new builds and have done my own flips to stabilize my own neighborhood.

If part of the property is rentable while renovations are happening, that could help offset carrying costs.Given your construction background, you’ve got a huge advantage in managing the project efficiently—it’s just about getting through the red tape and de-risking the unknowns before pulling the trigger.Have you talked to any local investors or contractors who’ve tackled similar projects in Wicker Park?

Maybe do a fireplace on the outside way and run the vent to the original outlet in the roof.

For real estate investors and developers exploring Carlsbad, SB-423 offers a streamlined pathway for multi-unit housing projects.