My tenant will be moving out in May, and my PM has told me the rental market has gone soft due to the fact that the local Army base has built alot of units in the last couple years and is aggressively marketing them to their troops.

I recognize the office rental market in my area is soft.

@Chris SeveneyWe need to cut down on the pre-bid initial DD time it takes to make bids on assets (noteproz seems to do that and Scott Carson endorses them).We also need an asset manager and a contact list and something that produce reports and something that we can upload our soft collateral to and maybe even have an interface or upload/download capability into QB.Thanks.

You need to either brush up on the legal way to evict a squatter or to contact a local attorney who handles evictions. 

Ductwork looks average, it's that soft padded stuff, not the hard aluminum metal looking stuff.

When I asked this was the response, "Soft cost expensive for architect, appraiser and environmental etc." and if I'm not comfortable with lending the money then I can opt for his first offer which was $500 for his consulting services.

Depending on how you finance, maybe better to pay soft costs such as value engineering, architect and surveyor yourself even if you have equity and even if the lender will finance the soft costs.

Soft cost like architect, permits etc I would maybe budget another $20/sf.I would start w/ the architects, talk to three or more, get an idea on the soft costs, and ask them for referrals for developers or construction companies.

Anyways, I am looking for advice and asking those who have more experience and knowledge than myself.The property in question (located in SW Michigan) is quite distressed, missing walls, probable termite damage, damp/soft flooring, and probably many other issues. 

expecting a correction driven by Vancouver and the Toronto condo market over the next few years... look for Canadian real estate to be soft.