You would primarily have a section 8 tenant base there now.

This can be different based on your location.

We use 2 wall colors for simplicity and ease of repair.

I'm an investor based out of Long Island, NY.

Based on the 1% rule, this doesn’t seem to make sense.However, the city and area we live in retain property value because of the schools, community, and location.

Hi Maura,Do you have a US credit, US based LLC and US bank account?

At this point the poster has great potential to move in a positive direction based on feedback while you have shown virtually no potential here.

Should we choose this color, or is there a better neutral option?

Comparing two deals - with almost same price point #1. no rent increases but Percentage rent lease - There is a base rent ( ~65% of NOI)  and the rest is percentage of their gross sales in last 12 months#2. 10% rent increase every 5 yearsAs a newbie option #2 seems preferable /safer to me, and #1 may be slightly riskier.

I have a call with CAFIMO tomorrow, and while I'm not planning on doing a refinance based project right now, I'll ask about this and see what the broker has to say now. :)