On a commercial asset the value is directly based on the NOI (net operating income).

It's an A-framed garage with shingles roof, gutters, windows, and a 32" exterior door (in addition to a 16' operating face door). 

This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.

@Andy S. what capacity are you operating in?

Once that amount is reached, then continue setting aside cash for the next investment purchase. 

I'm sure the BP community would love to be continually updated as well on your progress.

Rental demand in our market is off-the-chart; the shortage of properties continues to hit historical lows year-over-year.

We normally do not seek judgement due to the expense that is involved, even after you win you have to continue to renew the judgement every year.We put them in collections and have it hit all three credit bureaus.

Build a local team for cleaning and repairs to streamline operations.

The biggest thing is vetting the operator as they ultimately drive the returns.