Clearly, this owner was trying to recoup 100% of the amount spent but I believe any sophisticated tenant would not have agreed to pay more than their allocation of the GLA.

While you can't necessarily force appreciation by driving up NOI, you can often find better deals as sellers are less sophisticated than commercial sellers and you are eligible for residential financing which has owner occupant options of low down payment and interest rate.

However, we do have some concerns on turn-key properties and hope sophisticated investors can provide some insights:1.

I almost NEVER, EVER, EVER see a third party (such as you), buying an LLC from another person that they know nothing about, just so they can take over that LLC's assets.It happens, but based upon my experience, sophisticated business people almost never do it that way.

So that they have a little on going skin in the game if they feel it is truly a good dealIn my experience I have not seen that.. wholesalers are all about getting paid up front.. end of that discussion.. many need the money to keep feeding the marketing machine and simply are not financially able to take back end profits .. thinks more of a used car salesmen mentality than a sophisticated JV partner

And I said in another post the thought that these wholesaler many with very little experience are problem solvers or some sophisticated real estate transaction people is just laughable to me.. a seasoned agent will run circles around most of these folks. 

I've made similar ones for school projects but they were not that sophisticated on input, though they were discounted.

In my market, new groups came in and built some sophisticated car washes, leaving most of the self car washes to go out of business. 

@John Morehead  Normally I would say someone shouldn't be entering into a contract to purchase something as large as a hotel unless they have intentions of going through with the purchase of the hotel.I know that whenever I represent the Seller of anything such as a hotel, I put specific language in the contract that would prevent a buyer from then flipping the hotel to another buyer.So essentially, in cases such as my clients, you would NOT be able to wholesale the hotel.I think that if you're dealing with any semi-sophisticated Sellers, you're going to find similar results.

its treated us very well.. its a sophisticated market .. this home sold for cash..