A vague foreboding that it could all go terribly wrong, that you never really know, that one day we could get a call that the whole building had gone up in smoke, or a giant sinkhole had opened underneath it, or a particularly bad windstorm had flattened it, or bad wiring caused one of the tenants to be electrocuted, or, or, or...We are all afraid of failure, and worst of all, failure right at the beginning of something, a failure that completely exposed our incompetence for all the unkind people we all know to laugh at behind our backs.

There are many things to consider to make a great remark like the location, its physical condition,  the demand in that area, and the first impression. 

Jon,Being overly polite here will be unkind. 

My name is Michael Ohman, I am from the beautiful and remarkably over-priced state of California.

Resorts World Las Vegas - $7.2BDrew Las Vegas (formally the Fontainebleau) - $3BRaider’s Stadium - $2BWynn Resorts World - $1.9BOther Sources Of GrowthBlue State RefugeesSince Nevada is adjacent to California, I will focus my remarks specifically on California.

Long story short, she ended up firing me.Then I found a remarkable agent.

The building for sale is exactly like mine so I’m familiar with many of the standard cost (insurance, taxes, hoa, general repair cost).The seller list in his remarks that it has a 9.2% cap a couple different times.First off, the auto generated cap rate from the MLS doesn’t even list that, it lists 7.64 based off the numbers entered into the listing.As far as the numbers entered:The income ($33,060) minus expenses ($8,965) does not even equal the posted $21,000 NOI.

Remarkably, there wasn't a single dead animal inside.

After inputting the rough but hopefully conservative numbers, I have yielded some really remarkable results.

But snide remarks like the ones I mentioned really don't do anything productive.