@Bennie Smith there's two parts to that:1) We take on properties all the time and do a TakeOver Evaluation Video that we share with the owner.- Many of them have no clue of the actual condition of their properties and a decent percentage want to then sell.2) We have owners we terminate, that don't want to spend a penny maintaining their properties.

Commercial properties are not evaluated by "comps" (well not exactly) they are evaluated on cash flow.

My advice would be to evaluate your exit strategy to see how the asset will perform if you were to move.

The fact that you evaluated whether to sell or do a cash-out refi shows you’re playing a long game and keeping your options open.

Quote from @Joel Bechtel: Hi BiggerPockets community,I’m currently evaluating switching to Allstate for coverage on my 7-unit multifamily property built in 1974, as my current carrier increased my premium by about 86% despite no claims.

What are some red flags I may be missing in evaluating this?

I'll use these next 20+ years to not only evaluate Real Estate, but other income sources (businesses) to see if I can find something.

The reason I say this is that with a 5+ unit a lender will evaluate based on NOI and a cap rate, so adding a 5th unit COULD (or could not) substantially increase the value of the building and make it worthwhile to refinance and pay off the existing loan (that is tied to the "old" quad) anyway.

I am particularly interested in:Understanding the fundamentals of wholesalingNavigating Texas-specific real estate laws and regulationsBuilding a strong network of cash buyers and motivated sellersLearning effective marketing strategiesAnalyzing and evaluating dealsIf anyone is willing to share their experiences, tips, or resources, I would greatly appreciate it.

When evaluating a potential real estate investment, both the Debt Service Coverage Ratio (DSCR) and the 50% Rule can be helpful tools.