I love the way this came back full circle after 4 years even though it wasn't you Matthew, Desiny is shining a new light on the possibility of doing things. 

Seller seems to think the vacant pads are worth very little, and of the 1.2M paid, most of that goes towards the income producing pads (with homes on them)...because the "CAP rate could not apply to vacant lots".Does anyone with appraisal experience can shed some light on this?

The market has softened as a result of higher prices and higher interest rates.Jobs in the zip code are mainly in the services sector, including retail, hotels, restaurants and entertainment and some light manufacturing.

I also wouldn't want to drive through Clark-Fulton at night to replace a broken light fixture.

From what I am observing it is seemingly reactionary to cover lower margins and out of necessity to make deals pencil.Meanwhile I am hearing this spun or disguised to help raise capital, negotiate better ownership splits or to merely keep the lights on.

Needs some light exterior work (paint, caulk, broken vinyl siding).

That could greatly increase your premiums or even get you dropped, so don't make that decision lightly! 

Also let me know if you're interested on partnering up on anything, I might be open to talking about that, I've been lightly considering looking for some partners.I've been considering pursuing mostly flips and BRRRR but also new builds for sale - but I have all my capital tied up in a couple of deals at the moment!

Hey @Dave Kush , I'm not sure that changing the lease in the middle will work.You can ban it in common areas mid-lease, but it is unlikely the case for the specific unit.Either way, it's a pretty tricky subject...maybe @Mark Ainley can shed some light on issues he had with smoking in Chicago...

Also common areas that need maintenance, lighting, that will be on your bill.- Inspectors: definitely make sure everything is to code.