Would you rather have instant equity now (from buying at a discount in flyover country) or the hope of appreciation (not working so well now in a lot of the former hot areas).

I agree with PNW, I would also look for distressed properties (minor cosmetics only) and motivated sellers to add instant equity.

Increasing the rentsIncreasing the laundry incomeAdding a pop machineLowering the vacancy rateLowering the expensesConverting a storage area to an additional suiteUptrend marketMay all instantly increase the value / price of a commercial apartment building allowing a refinance or 2nd mortgage to pull cash out.Thats the power of commercial real estate!!!

14k instant equity according to zillow.

Then, the lower the price and it disappears instantly.

The rent includes everything which has made it instantly attractive to short-term renters (minimum 4 month leases which converts to month-to-month.

Tenant web marketing/ data base, it is a big plus if you can instantly provide a stream of prospective tenants for open or opening units.

I instantly had the arbitrary thought all investors experience... hmmm I wonder how much they want for that.

Whether the wording is enforceable or not, most bank will not honor a conditional endorsement and you need to have a special arrangement where you verify the endorsement before the item is paid.I believe Beneficial finance or maybe Houselhold used this idea at one time (maybe mid 1990's) where they sent out $5,000-$10,000 checks and people that cashed them had an instant second mortgage, maybe it was unsecured, but the homeowners believed it was secured by their Real property.

Don,Will,and John are right on.What a typical Guru will do is throw the meat out there and get the potential investor in a frenzy and then they will buy a course to only get mostly fluff.I can tell you being a commercial broker and investor is hard work.I was breaking down trash the other day from a tenant that left so that bulk would pick it up from one of my units.I don't look at the work but where it will get me too and the experience and learning.Once you accept that you will work smart but also very hard you will get ahead.If you keep believing in silver bullets to instant riches then you will spend years trying every BS infomercial and magazine gig out there.What gets me is people with an investing dream getting the little money they have sucked away by a GURU that thinks they are just a number and revenue builder making them richer and richer.