That's tough on a PM when the tenant is screaming at them for an overdue deposit and the owner for whatever reason refuses to release it.

Windows, sidewalks, streets, exterior lighting, security, fences, playgrounds, pools, roof, a/c pumps, etc.The outside needs to look amazing and fresh and scream quality to drive the tenants in and give good demand for velocity of lease up.The age of this vacant building plays a huge part.

I swear, it feels like you shoving  money down people's throats, and you can't help but scream WTF?!..  

Coveted holdings that scream hold me for a very long time.I'm in a similar boat in SF and NYC, and have contemplated a 1031.

Which the bank refused point blank.Fast forward a few months later and several price drops to $99k and the bank is screaming at this broker to find the investor who originally bid $85k.

I don't see the screaming good deal on this one with the numbers you've given.

regardless of what was happening.. changed models yes but always doing something.  08 09 were bloody aweful though no getting around that we got our butts handed to us.. but no one is predicting another melt down anytime soon

I'm inclined to agree this John and Alex thought it may not be worth it unless you get a screaming deal, I have remodel a lot of old homes and the can turn out really nice but there is a lot of unforeseen issues that could come up.

"buy while blood is running in the streets" -Rothschild

I'm strictly D4D and looking for houses that look neglected, vacant, or scream for help.