So, you go over budget FAST.So, your Scope of Work (SOW) MUST be very specific as Mr Perez learned when contractor didn't put in new outlets.To "perfect" your SOW, suggest you walk the property with 3 contractors and ask them what needs to be done.

The amount of knowledge I walked away with was incredible.

Selling might make sense if you'd rather free up equity for a down payment or other investments, but that 2.25% rate is hard to walk away from.

Got a new PM who made us fix things and walked it with me(first time for me seeing the property), then we finally paid off all but the mortgage and now we cash flow about $400/month. 

You could walk into a property off of the MLS that was $250k and did $70k in gross rents.

And we've got a mall that hd a huge Macy's or maybe it was saks 5th ave I can't remember, regardless they through a huge volleyball facility in the space and that has really been driving the mall, its actually really cool, they left a huge window into the rest of the mall so people can see in walking buy...very well thought out.

If I threw the money into SPY, it would be a 104% gain compared to walking away with an 80% gain after fees/commissions.

This article walks through the steps in a cost segregation study.WHAT INFORMATION DO I NEED TO PROVIDE IN A COST SEGREGATION STUDY?

. ($300,000 * 0.70 = $210,000 – $50,000 = $160,000).Walk the Property: Check for structural issues, roof condition, foundation, HVAC, and plumbing.

Keep in mind though it takes some long term relationships to pull off Horizontal and get bank rates.. your not going to just walk in and get a loan..