Looking at this mathematically, if you assume a 50% non-renewal rate (industry standard) and use the low end of the range of $5,000 per non-renewal, there is a loss of $50,000 per year on a 20 unit property.

I do see lots of self storage and warehouses going up, so my default assumption would be that the old shopping malls do NOT trade for less than build cost, but it's possible that the marketplace is not perfectly efficient. 

Zillow is saying the house is worth $90k but recently a tree went through the back end of it and I was hoping to get some information on possible ideas or suggestions on what I should do about the situation.

Possibly using mortgage/home equity loan on one unit we own to buy an extra one.3.

We are finding many properties needing light to moderate rehab in the 100-125K range.  

I am going to put this as bluntly as possible:  Condominiums in the Smokies are not good investments.

That said, here are the actuals:Unit count: 13 offices (sizes range from 165sqft to 2,800 sqft - it's a local mom & pop type commercial building in an A-/ B+ town that's growing) Gross Rent: $20,801Expense Ratio: 50.7%NOI: $9,736 (year 1, after vacancy) ---Cash Flow: $2,536 / moCap Rate: 6.5%

Hey Adam, this is possibly, yes.

We have a wide range of investors and RE professionals join us.

My though process in undercutting the bank by 1 % was to possibly attract qualified buyers.