So unless the Fed is willing to start dropping hundreds of basis points at a time and without doubt unleashing a significant inflation "spring", or Fed's stepping in to convey some form of CRE finance relief something...... well the math is clear, Q1/Q2 '25' is gonna get real interesting real fast for Commercial Properties. 

The big deals will be vacancy, capex and appliances. (3 water heaters, stoves, fridges, microwaves?

The pipes have to be dewinterized so I would have a plumbing professional there prior and when the water gets turned back on just in case.

Unfortunately, you said some magic words that chum's the waters so que the "please contact me PLEASE CONTACT ME" replies vs actually answering to what you posted...... 

San Diego County vacancy rate surged to 6.36% in Spring 2024, up from 3.9% in Spring 2023.

Year 2 had some large expenses, including some CapEx items (water heater, roof).

IE at the time if you built on all the hundreds of thousands of lots there you would have perpetual grid lock not to mention water quality etc etc.

Thanks, Nina Yes, we have them put all utilities (including water, if SFH) in their name.

PRELIM LAND PLANNING- do a preliminary layout, please remember stream buffers, specimen trees, ANY jurisdictional waters (its a good idea to have you county water systems guy come walk your property with you to verify any jurisdictional water systems and what the required state and county buffers are for those systems).

I have had a home destroyed by fire; never by water.