We just did 5 new mail boxes on a 4x4 cross bar & support for - Mail boxes $12 each- 4x4's $16.85- Apt # Lettering $5- Maintenance guy $25I would assume if they can get away with $100-$200 every couple of months they probably felt justified in milking you for quick $135. 

If your physical vacancy is 12.5%, your economic vacancy will be greater, perhaps even double depending on the tenant population, the neighbourhood and the rate of decline of the business.You need to understand the customer, and how the business arrived in its present state, before you can determine whether the pay-back on 50K of CapEx - not to mention the initial purchase - is sufficient.As others have posted here, it sounds like the Vendor has milked all of the equity out of the building - leaving the building with significant deferred maintenance; perhaps even obsolete.  

At least we are helping the environment by recycling:)

My plan is to milk this cash cow forever, do $40k cash out refi in 6 mouths, use the money to purchase multi family properties.

I love milking these cash cows!

FoldvaryA good overview of the moving parts in RE cycles and some economics as well.

Might have a private airplane hanger next to that airport, FEDEX might want an office-warehouse, where is the best place for the trash trucks to be parked or a recycling firm?

Large recycle bins too.

@Michael Hicks@Jeff Rabinowitz beat me it ... looks like it's time to recycle the house once more.

That's how they make the money on points and recycling the funds.