I live in a semi-rural area outside a medium-sized city, and I see a parcel for sale that would be great for a chain restaurant (a sit-down place).

If you go with the school of thought of keeping high LTVs you're betting that interest rates won't change much (what went down will go up).

It's about the same size, but in a very nice subdivision.

Your best bet is to contact the asset manager and not BONY Mellon.

I'd bet he moved in a poor lease-option tenant and may be trying to pass his problems on to someone else.

In fact, you could go new, with an extended warranty on the washing machine to hedge your bet.

I would bet this building has 15,000 square feet of hard to utilize area -- warehouse space in primary retail area, second floor area, back lot, etc.

Id bet you money this isnt going to happen and is a waste of your time.

Originally posted by T Dad:Quote looks too low.I changed mine AC and furnace for nearly $8,000 and its not even an high-end class.Try call a few contractors to compare the quotesIt really depends on the area, the contractor, the brand and the size of the unit.

They are hard on the rentals, not to mention waiting for +40 years for an investment payout on a nickel and dime bet on housing in a very poor area is not a good investment strategy.