I don't care to remove every single wall and gut it from top to bottom, if the plumbing and electrical are OK I will keep it.My whole gut renovation thoughts were based on making it look as nice as possible while minimizing energy and water bills as this building is a half hour outside of Manhattan so utility bills can get wild.I'm focused on doing the following:-Installing new energy efficient windows-Wrapping pipes to lower heating and hot water costs-Installing a high-efficiency gas boiler-Putting on a new roof-Installing low flow toilets, showers and faucets-Ripping out sheetrock and double insulating the walls that are most exposed to the elements.I'm not sure if that qualifies as a "gut rehab" but I know the scope of work is significant.I'm just assuming it will take around a month per unit to put in 6 new kitchens, bathrooms and sheetrock and put in the new boiler.As to the layouts, I'm working with the city to get a chance to go in and take a look but I won't be changing the layouts.

It seems to say to try to minimize using HTML, but then expects you to use more HTML if you do use it. 

You will be dealing with a bit of immaturity- reporting issues as mentioned above, possibly paying on time, and getting along with your other tenants.I don't think they have done more damage than other tenants might- most issues have been minimal.  

Average days on market for most of the spring time has been around 90 days with a 98% sale price to list price, which could be after one or more price reductions.New build in Colorado Springs are minimal, however, there is a lot of growth and expansion just east in Falcon and Peyton as well as up north.

These are properties that need minimal work and therefore are ready to be put on the market and can command full retail price. 

This can work even better with a single creative focus, like food & beverage or fashion.Your TIs are minimal or zero but income will be less than residential and you will have a lot of non-leasable space.

I think the corporate company is trying to minimize their costs by making this argument, since they do not expect to get anything back out of the former sub company...Thanks!

It costs 10% to sell a property.IF you got $115K - 12K to sell - 93K owed - repairs = THIN DEAL.I would get a highly successful realtor to look at the project to maximize sales price and minimize marketing time.

I would love it to be minimal monthly payments with a balloon at the end. 

You likely will do better, but you shouldn't budget on that :) Besides, 5% physical vacancy + some very minimal bad debt, concessions, and LTL, will take you to 9%-10% whether you like it or not.