In an area with low appreciation but a large inventory of old outdated homes, you might be able to rehab and sell or rent. 

The properties will be structurally sound, a good location, and a good surrounding market but are poorly managed that are in need of minor cosmetic repairs such as, out dated inefficient kitchens, bathrooms, appliances, old windows, old inefficient lights, high expenses, old non-separate metered heating and cooling units, along with ugly curb appeal/landscaping.We will not purchase commercial properties that have the following issues:-A structural problem (interior bearing walls, foundation & exterior walls)- A significant environmental issue (underground leaking tanks or mold)-A neighborhood that has an oversupply of commercial properties and have a vacant rate of more than 15%.

I Informed her that she has paid Feb. rent and the "last month" that she paid to move in will be applied to Mar 07 so that her move out date will be Mar 31, 07.

Same with an outdated kitchen, bathroom, plumbing and electric.

Thnks for setting me straight @Kristopher K....I think it is time for getting a new laptop as my system is outdated and not working well with all the new technology.

(I didn't use a normal escrow in those days) I learned to always use title and escrow and lawyers and disclosures and move out dates and to record and to split the seller's payment in two, first half immediately so they have money to move out, the rest when they actually move, etc.

It's a bit of an outdated rule.

Most of the commercial spaces are outdated and somewhat below market on rents, additionally I will be moving my own office there soon. 

The last to drop is the most illiquid things that are governed on some of the most outdated information which is comps in a changing environment.

Its funny just to look at posts about the Corona Virus 1 week ago and see how outdated it is.