That has helped with tremendously with communication, which is always a challenge with this niche.

Our strategic improvements and targeted marketing paid off, resulting in a successful sale on 10/25/2024 for $260,000.

But I agree with an above poster that $10 psf in tenant improvement seems low, unless you can find a turn-key tenant to occupy that will require very little renovation.In DFW, for 2nd generation spaces, I've seen LLs underwrite at about $25-35 psf in expected TI allowance (subject to the lease terms and tenant credit rating).  

So, I'm challenged right now finding a property that will cash flow well enough for me to pull the trigger.

The challenge is that the property only has a one-hour open house the day before the auction.Here are the details:•Opening bid: $100K•Hard money lender financing: Up to $220K (with my 20% deposit and 100% renovation costs covered)•Comps in the area: $485K–$510K•Estimated rehab (based on pictures): $125KObviously, this estimate could change significantly once I see the property.

You don't have a great case for a tax appeal here because it looks like it was upped based on the renovation and improvements done prior to you buying it.

Challenges?

Negotiation Challenges: Risk of under-the-table deals with other buyers.Tips: Be aware of these risks and take steps to mitigate them.

My challenge is that I’m struggling with figuring out if a property will be profitable or not, even though I've done research on sites like AirDNA and tried to analyze multiple factors.where Im stuck: 1. 

It's very helpful to se the real challenges you've encountered across different markets- especially your point on finding qualified subs and staying away from high-rate lenders.