Ever try to negotiate a 53 pg after inspection report?

If I want to buy a retail condo in Pg county,Md. what should be minimum cap rate?

I've seen a few absolute gems (40-50% ARV) properties come across my plate, I was able to find a lender willing to lend on these specific properties in this current climate but as I read through forums I see that most people are saying the smart money is out of the market.I have a few listings in PG County (under 350k list price) and one in DC (650k list price) and all of them have seen double-digit showings over the last few days.

The property management company  was horrid and I lost s lot of during the recession.  

But this year all of my STR bookings are for typical vacation time slots of one week or less. 

While we waited for a slot I drove my son to the same company daycare in the suburbs $50/week cheaper and they had multiple slots open at any given time, Prob 1/3 of the families at this place were waiting on a Downtown daycare slot to become available.I would suggest to anyone to target a Detroit property in near Downtown/Midtown.

If you succeed, its very likely that you'll be acquiring homes outside of the park, homes sitting on land or nice homes in run down parks that need to be moved, and if you're in good with them you can fill their empty slots.

But to @Seattle Eltons earlier point (PG 1), the combined LOC (business or HELOC) can be used to purchase deals right on the spot without having to seek out other investors or private capital.

If you are looking to wholesale, Id suggest PG county and DC east of the park.

Most of clients purchase in or near DC  - DC, PG County and Montgomery County.