Therefore, you may have to wait a little longer to sell to a retail buyer if you need to resell the property.As far as maintenance reserves, I recommend having 2 to 4 months worth of gross rent in reserve.  

Also, if you hope to attract a national fast food chain, most retail developers will get a committment from them, or at least some type of LOI, up front to make sure that the chains would even be willing to have a store at that location, and what specs they would want/need for the building and how much rent they could pay, etc.

However - if he's looking at somewhat (or fully) retail ready homes for end buyers, then it may not make sense.

The building has a retail storefront.

Your PM was using something called pay near me/retail payments for collecting cash payments from tenants at the CVS.

For instance, not long ago I bought a 9 unit apt with two retail on first floor for $200k and at purchase the rents were $6400/mo.

I'm not familiar with the Scottsdale rental or retail market so that might also impact your decision.

According to the San Antonio Business Journal, the area has seen significant retail and residential development recently.- Family Appeal: With good schools and amenities, it attracts families, making it a desirable area for potential buyers.2.

There are VERY FEW DEALS AVAILABLE RIGHT NOW….There is inventory for sale…butNOT…..Properties that can be acquired that;1) Will have minimum 80% equity vs ARV…after the ALL IN investment ( unless the cash down is way out of balance ) 2) CASH FLOW TODAY enough to cover all costs PLUS RESERVES and return all cash out of pocket in a reasonable time period.3) You could sell TOMORROW if you needed to and not lose any money4) Dont include rosey hopes of appreciation to cover negative equity Al last ALL… of the current wholesale deals are just trashy retail deals.

I have a question, was this course focused on the commercial side or the retail investor side?