Since I am based in the Bay Area, the price per square foot is higher.

I recently placed in a class a unit (almost $2k/ft value) because it is beach unit and expect higher water contact (normally class a gets real wood).Carpet in common areas in short run is cheap but long run will cost more than concrete stain or LVF.  

These are typically higher interst, short term loans. 

Short term rentals tend to have a higher yield (quick money) but higher turn over, long term rental lower yield or cap rate (long money) but more reliable tenants. 

Fixer uppers - higher risk higher reward potentialTurnkey - lower risk lower reward potentialDepends on your skills and how heavy of a turn the property is. 

I see a lot of commercial RE struggling, lots of people are highly leveraged, interest rates are higher, and labor is through the roof.  

In general I find national firms especially the big boys, the CBREs, JLLs, etc of the world tend to have exponentially higher valuations on listings than the market will actually pay. 

I have done my research and feel confident the properties will still cash flow with Long Term Rental rates in the area, but will cash flow a much higher rate if the STR rates on the estimators are accurate.  

All of those bring in higher rents and can offer more suitable space.

Reason I ask is the market rents are way higher in the area and the asking price does work with currents.