We are encouraging weakness and, like an untrained emotional support animal, it will come back to bite us as a society.

I used to believe it just happened to us because we're C/D-class urban landlords...no, it happens to everyone.

That's what all the much ballyhooed social changes in America in the last forty years making us a less-restrictive, more-tolerant society really add up to when it comes to building and keeping wealth -- three percent.Please humor me and think about that for a minute. 5% of US millionaire households are headed up by people who were never married or divorced.

More “urban“ rather than suburban areas.

It's due to a combination of negative growth rates (people moving out) and crime and urban decay, etc. 

@Daniel Urban, a commercial property's value is based on how much money it IS generating, not how much it COULD be under ideal circumstances (there are exceptions, of course).If you're serious, I would determine it's value based on the information you have and generate an offer based on that.

If you are just starting out I might caution you on getting into a full gut rehab in an urban area. 

I see way too many people thinking there's an outsized demand for luxury rentals when in my experience, it's a niche market and eats the unprepared alive just as much as the opposite niche, DIY landlording with low-cost rentals in borderline urban locations, which is what I do.

It sounds like urban legend to me. 

WHAT I KNOW AND CAN ADD TO THE FORUMS: I spent 6 years in the military learning how to be a productive member of society.