Please feel free to check out my profile for more details on the investment, but we were able to spend 1 year slowly renovating the apartments as tenants moved in and out, invested heavily into leasehold improvements (long-term fixed like HVAC, water heaters, exterior paint, property drainage, etc), converted month-to-month tenants to annual leases, and raised rents to market. 

Which makes the profitability of the house much less than what I thought it would be when I bought it.Cost to improve sound proofing and separate air ducting would be quite large, given BayArea contractors' costs.

A new/improved road here will also benefit them as well if you are bringing more customers to their shopping center and providing more access points for traffic flow in/out. 

Our asset managers continually evaluate performance and how to improve it for each individual property.

With things like the ONE Linden plan in Linden, which is a 50M plan to improve the neighborhood.

I had wrapped my head around residential not around commercial, But to me the deal seems amazing - you guys tell me 8000 sq. ft building7 storefronts on an active downtown street (all rented and currently have tenants)34 unit mini storage in back lot (29 units rented - the rest of the unrented are being used by the current owner)Asking price is $798,000 and owner is ok with seller financingAfter sitting with them today the owner who is 83 said he is ok seller financing and verbally agreed to $715,000 and a 4% interest rate, 30 year note, $100,000 down payment, no early payoff penalty - my lender and real estate agent both came back valuing the property as it sits at $840,000Income = Rentals ($5075) Storage Units ($1935) = $7010speaking with the owner he hasn't raised the rent on either the storefronts or mini storages for almost 10 years - looking at comparables in the area we believe we can raise the rent and storage units easily to push the income up to $10,000 a month 4 of the 7 Tenants have been there 5 years plusCost = Including estimated payment, taxes, insurance ect. would come to a monthly of = $4450that would cashflow $2560 a month at its current with the potential after purchase and rent adjustments cashflow $5460 a monthPending an inspection the property looks in good shape with little to none improvements needed at this timeA quick background I have had rentals before on the farm we own, three houses we rented out so I have some experience) My QuestionsIs this a good deal???

Purchase price was typically between 40-70K and improvements were laminate, paint, fixtures, appliances, etc to make them rent ready.

I am very optimistic the new administration will improve the city. 

Ten to twenty percent of the whole restoration expense is a typical contingency proportion.Local real estate agents can supply you information on the most valued improvements in your area.

The renovation process may involve updating the interior and exterior of the home, replacing outdated fixtures and appliances, improving insulation and energy efficiency, as well as meeting safety and code requirements.