Thus is a classic example of landlords overspending.

Based on the information you provided, it sounds like they are doing a classic bait and switch, trying to offer a competitive 25 percent management fee, but they will most likely be adding hidden fees (based on the verbiage in the contract) in the long run to get closer to that higher end 40 percent.

Purchase price: $110,000 Cash invested: $55,000 This was a classic Cobbs Creek 3/1 that was already gutted and framed out, ready for an investor to finish the work.

Versatile and classic!

Re-purpose the dining room area?

Consequently, some have opted to prioritize the conversion of dated office buildings into residential units, seeking to tackle the pressing issue of housing shortages.By easing regulatory constraints and introducing favorable rule changes, these mayors hope to encourage developers to repurpose outdated office structures into viable apartment complexes.

I’m an urban lifer and love repurposed conversions spaces.

This is classic advice from the BP Money Show if you're not a listener already!

They have an interest in bringing up this corner of the street and re-purposing these beautiful historic buildings.  

@Jarin Bryant,Wholesaling high-priced commercial property that a seasoned investor owns is unlikely in the classic sense of how you would wholesale a residential property.