After running numbers on it and padding them to what I feel would be a real world number I'm coming to a value of 1.8M.

Go with cheap carpet and a good pad and it will feel very nice.  

@Harsh Singh its all about not paying to much and building a margin there that if you have some vacancies the property will still cash flow or brake even.

we know there are other similar airline pads in EP that seem to be working ok, but the boarded up house is definitely a big concern.  

I have marketed on Trulia, Zillow, Hot Pads, Craigslist, Cozy, and signs around the neighborhood.  

Then you have everything that goes with acquiring accounts and standing up a professional business and appearance - because, lets face it... no one trusts a guy with a spread sheet and a note pad. 

At 93 years of age he excused himself to go get a pad of paper so he could take notes of our conversation.

What if you pull out all the carpet and padding and find a big portion of the floor is repaired plywood?

Owners (when looking to sell) can pad their numbers in easy ways.

Learn about their executive team and drill down to discover if that team is really their team or just a padded menu board of “strategic advisors” or consultants that aren’t fully involved in the day to day operation of the business.