However, as asset valuations become clearer, the vast pool of capital remaining in the sector could offer strategic opportunities for informed investors.Here are several graphs illustrating the current national commercial office market in The United States of America:Full Commercial Office Market Report Here: https://d2saw6je89goi1.cloudfront.net/uploads/digital_asset/file/1189856/United_States-Office-Capital_National-2024-03-10_a.pdf

I brought up the idea with my friend that he does the same thing, and we pool our money together.

Tenant agrees to comply with all duties required by Wyoming Statute §1-21-1204: maintain the Premises in clean and safe condition and not unreasonably burden any common area; dispose of all garbage and other waste; maintain all plumbing fixtures in a condition as sanitary as the fixtures permit; use all electrical, plumbing, sanitary, heating, and other facilities and appliances in a reasonable manner; prevent water pipes from freezing by turning off outside spigots, disconnecting hoses, and keeping the rental heated to at least 50 degrees; replace lightbulbs, air filters, water filters, and other consumables as needed; test smoke detectors every six months and replace batteries as needed; immediately notify Agent in writing of any defects or dangerous conditions Tenant becomes aware of; replace broken or cracked glass, no matter the circumstance of breakage, unless the Tenant provides Agent with a police report detailing breakage beyond the control of Tenant; pay to repair anything damaged by the Tenant, his guests or invitees, whether through intentional act or negligence; upon termination, remove all personal property and garbage either owned or placed on the Premises by Tenant and clean the Premises to the condition at the beginning of the AgreementCreate a policy and stick to it.

People used to try to use old septic for grey water tanks. 

It was built in 1997, in an HOA community (monthly cost of $225 covers external home, water, trash) and has had updates to the HVAC system, new kitchen cabinets, floors on one floor (three floors total), and appliances, new toilets.

No heat and water issues are the only emergencies.  

It's listed right on our website on our Property Management FAQ.It is also listed in our Property Management agreement which is available for anyone to download.As for the water payments.

So what do you numbers look like when you have to replaced that 2k hot water heater....or that 6k HVAC...or have a tenant turnover?

For 20k in rehab you should have a new ac and furnace, hot water heater, updated plumbing, a new sink in the kitchen and bathroom, laminate flooring in the kitchen, new tile work in the bathroom, refinished floors, new ceiling fans, some light exterior work and some misc etc.

Check regional building for the age of the furnace, water heater etc and if they are nearing end of life be sure to plan on replacement costs.