I can't remember the last time I read a forum post about an actual transaction...the posts are almost all about "the market".

Your mortgage has nothing to do with your taxes.Here is a very rough starting point, however the actual calculation will involve more details:1.

Some will actually charge you to use your own unit, so be careful.

This particular commercial property value is going to be based primarily on the income it can generate (actual or projected) to the buyer.

Dennis' dad and I actually tripped over something similar back in Chandler.. we learned to tap into city planning websites and even call the permit offices directly to get a real sense of their backlogs.

I actually have family in both NOLA, the Northshore area and Baton Rouge so I'm pretty familiar with those areas.

Some flips you will only have the budget to paint, do new flooring, etc....others will justify a higher-end remodel to get the best ROI.You just need to get a Licensed General Contractor to go over your Scope Of Work and attach a pricce to what you want to do.Now, if you wanted more precise guesses at your budget, and gave us a Zillow link...we could actually throw some numbers at you.

Maybe there's an angle for seller financing or some other creative approach to get the seller the total return they want over time, but it's hard to say without actual facts and data.

They actually owe more than they can sell it for.

@Jim Bice this actually sounds pretty reasonable to me given the situation you described.