Some of the condos here have extremely high condo fees. 

Especially since we try to obtain “equity like” returns on these higher risk, more active note investments.  

Consider the potential returns from the triplex versus the current and future value of your business.

Thus, your return would be about 11%.

For the high cost areas like Palo Alto it is difficult to get a property to cashflow out the gate because rents have not caught up with the cost. 

@Grace Tapfuma How high can housing prices in the City of Detroit go?

A garage conversion, however, may not be subject to the same level of scrutiny.Parking Considerations – Parking is becoming increasingly valuable, especially with the rise of high-density micro-units that often lack designated parking.

(But more is better in this high-rate environment.

*Location Matters — Neighborhoods that have high demand, quality schools and close proximity to shops and services tend to draw buyers willing to pay a premium for a well-renovated house.

Does that fit your personal criteria for a return you'd like to get on your investment?