I love these mom&pop buildings but they need some updating to command higher rents.

Your second challenge is that a portfolio (especially when it's an unusual critter in a market) could command a steep discount to sell as a group. 

Yes, you can go after them through their chain of command but trust me....there's plenty of military members who are not good with money or wouldn't make good tenants.

Fingers crossed they can get the bid to be the site for the home of the Space Command.

The update may or may not command a higher sales price.

You want to make sure you can speak their language and have firm command of the terminology.

Notes:I would rather not become a realtor.Looking for something that I could do where my construction management background could provide value and command a decent/good salary.Perhaps in the construction division of a property management company or something like that.

@Worth Styles - if you can get 60 - 80% prepayment before you start a job, bulli to you, but very few folks are so specialized and without competition they can command such an advance - and those who are unlikely to remain as such. 

Smaller, less desirable markets command higher cap rates. 

I usually see at least 15% IRR on the hurdle but I'd assume the operator is very experienced if they are commanding these fees..which usually makes up for it.