Good question, i'm not sure how the HOA will manage STR.The Villages is building a new community center & hospital 4 miles away, so there may be a market for it.

The Sixers stadium can have the same impact on the Market Street corridor and last I checked, nobody has come up with a viable alternative for turning around Center City, particularly this area which is the most troubled. 

The cap rate tells you what people are willing to pay for properties like yours.So, the equation looks like this:Value of Property = Net Operating Income / Cap RateImagine your shopping center makes $100,000 a year after you pay all your costs (that's your NOI).

Go visit all the other new/newer buildings around there to see what amenities they offer like dog washes/automation/business centers/fitness centers/package lockers/etc and compare the rents.   

Second example: I purchased a first lien note secured by a very run down shopping center in which the principal balance was $470,000 - I paid $255,000 for the note.  

.- Walmart has just opened up a brand new distribution center consisting of 2.6 million square feet, and provides more than 750 new jobs.Economic Information -The City of Mobile has seen extensive revitalization and tremendous economic growth:Business/Corporate Sector- Construction of a new Airbus jet assembly line at the Mobile Aeroplex at Brookley should move forward rapidly during the coming year.

When the World Trade Center was crashed into, the owner collected double on the insurance policy but then had to give half of it back.  

The building was previously approved for 3 units and an educational learning center in 1978, (so 4 total units but with one of them being used for commercial use), so we are curious if the city will make us go through zoning, and with that, add a sprinkler system to the building. 

The Carle Clinic is one of the only level 1 trauma center hospitals in the state outside of Chicago metro, the university is a great furnished tenant source, and Champaign county is 1 of the only counties in IL that is growing in population. 

The property's location is ideal for short term rental (Orlando area theme parks and convention centers.)How did you find this deal and how did you negotiate it?