I just want to give an overview of the characteristics of the city and people for the sake of adding any bit of valid information to your research.

It's highly technical, but most importantly it is valid.

he has also asked for each electrical panel to be labeled and also gas meters to be labeled.

@Chris Kittle make sure you understand the Class of the property, so you can use appropriate vacancy + tenant nonperformance percentages.We recommend:Class A 5%Class B 10%Class C 20%Of course, we base this on our Metro Detroit market, so you may want to validate for the market for this property.

Fortunately I was able to add a 30” model...so I got to spend $400 on a nice whirlpool stainless gas range that looks decent too!

Natural gas connections.

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

ONe would want to know what the resolve of the current HOA board is and do they have money to litigate this or willingness to do so.the 98 CCRs are valid .. so it will come down to a trier of fact and case law I guess if they sue you.

Among many other reasons, I can think of at least three times someone tried to fight me, leaving a gas station or a restaurant there.

People think it's inexpensive to install a Washer & Dryer, but getting the gas, electrical, water, and drain/vent there is usually quite expensive.Here in Chicago, we always want to be at the top of the market regardless of the competition, so we almost always install a W/D when we renovate our properties, even in some of the less desirable neighborhoods.