Real estate yes, bang nails....No.

Waiting on some market analysis before nailing down an exact location.  

But have no idea what their perceived CAP is (CAP is also hard to nail down due to almost no multifamily buildings being sold in the last few years in this area), nor do I know what their operating expenses are.My strategy at this point is (and please, any input is appreciated): Locate potential re-positionable buildings.

a huge pile of clipped human nails stored right beside the clippersthis was in a $1M home in a gated community that also sported multiple nude portraits of the former owner throughout the house

Get those repair numbers nailed down.

Find an affordable place that meets your needs and be happy you can pound a nail in the wall without knowing a landlord is going to charge you for it.If you have good credit (720+), a good job (DTI < 35%), and that big wad of cash (best not to mention such things on a public forum, by the way), you will have no problem at all getting a loan.

Another trick is if you have any missing pieces of siding, you can cut out luan the same size and nail that in.

So nail him, IMO!

You say $25k to $40k.....that is a huge spread.....nail down the number so you can make a more educated decision.Secondly, if you truly will net closer to the $40k, I say sell.

I found that starting with the hinged side first, make sure it is plumb and level before I nailed it.