Computers can analyze property based on subjective data (square footage, # of beds/baths, etc.) but cannot calculate for objective data (quality of kitchen cabinets/counters, size of bedrooms and bathrooms, view out the living room window, etc.).You should study the market yourself.

Ken McElroy, Kiyoski, Bloomberg, Blackrock and the Fed should all ring you up and take some advice from you. ;-) There is nothing false wiih what @Henry Clark said.Commercial real estate is broad - Office space, self-storage, Farm, Data centers, residential properties above 4 units, etcIt can be true that one part of commercial real estate is suffering while others is thriving.

It's called a payoff statementif it's a big lender you will not buy the loan as it will take forever, you are better just paying it off. you then can foreclose based on the total balance owed to you which is both loans and any accrued interest. regarding fixing property or selling as is, that really depends and needs to be evaluated on a case by case basis 

Or should I pass on it and take the refi cash into another deal? 

I am ready to take that next step towards F.I.R.E and set my daughters up for life!

Quote from @Phillip Austin: As PMs, 20% of our portfolios take up 80% of our time.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Nine out of ten years it usually works in your favor, but that one down year could take a big bite out or your ***.  

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Take successful investors out to breakfast.