I sold it to a couple who had some credit issues, bad enough that they couldn't get approved for a mortgage right away, but good enough that they could probably fix it fairly quickly.

Since I'm not in a good enough shape to manage, I'm certainly planning to consider other pms and be more involved after this is done.

A 4187 is not good enough to break a lease, based on everything I know.

Originally posted by @Steven Wiltz:I rent 2/1s for 850-900; 3/1s for 1000, 3/2s ~1200  Me, if I was getting $1200 and the K & B subfloors were good enough for VCT I'd put in ceramic.

@Alexander FeliceGood strategy if you have the cash on handAnthony GaydenSeems like you are right in that you can't really predict when and how bad the next one will be, but you can prepare ahead of time and perhaps pick a point when the deals are just not good enough and extra cash gets put into savings or extra principal payments instead of the next investment

That means either your rent to value ratios (RV ratio) are not high enough in your specific market or you're not buying the "property right," or getting a good enough deal.As an example, in seattle core market even if you get a deal at 60-70% of ARV you will still barely cash flow and or will lose money if you try to refinance and recoop all your "costs," back because the rent to value ratio  is too low here.

Sometimes you can sell package deals on Loopnet or you can post in the BP marketplace, but if the properties are good enough and priced a bit below market you should have no trouble selling them as a unit. 

Then I would build my portfolio from that point on doing other small residential developments until I have a good enough track record to present to banks so I will be able to secure funding for larger projects that require millions at hand.

Is it best to use a commercial realtor for a commercial property or is a residential buyers agent good enough?  

There are advantages and disadvantages to both, but at the end of the day, if you can find a good enough deal, then I'd still say you'd be wrong to pass it up.