We used hard money for 80% of the project cost.

It might save you from costly surprises down the road.Finally, be patient.

The cost of construction would not be much more for compliance, mainly just a no-curb shower.

I’m always asking how much a project costs when I hear folks talking about doing renovations, and I ask how their contractor performed.  

I recommend you check your numbers: If current NOI is $37K and they're asking $500K cash, your cash-on-cash return at time of closing can't be more than 7.4%, and that's assuming an all-cash purchase, ZERO CapEx, ZERO renovations and ZERO closing costs.

A year from now, that decision will cost you more than you'll be able to save or build in equity.  

Potential outcomes include develop and hold/rent, lease to developer, and joint venture.

Networking with like-minded people is definitely key, and you’re in the right place.I’ve worked with investors all over the country, including Cleveland, and I can tell you that market is ripe with potential, especially for cash-flow properties.

I just counted 23 support tickets I have open right now 😑 Avoid guesty all costs.   

- An office for 50 agents would have been an unbelievably sunk cost.