In something like that that appears easy on the surface, theres the fasteners, faucets, different flooring types need different preparation like mortar board for ceramic as opposed to 1/8 board for vinyl.

I'd like to continue doing business as I have been.But I am just trying to consider both sides and am sort of arguing their side to play devil's advocate and try to work out in my own mind what is the right or prudent way to proceed.Alot of you guys make some valid points that on the surface seem easily justifiable.

I would definitely run the figures in the BP Rental Calculator because what may seem like a deal on the surface can actually be a nightmare if not analyzed correctly.

You mentioned that the building is already zoned mixed use, but what other types of uses are currently adjoining the building? 

.), included amenities, parking (on-street, surface or enclosed), current tenant base (young professional, family oriented, senior housing, etc.) as well as those factors that may be unique to the specific municipality or neighborhood.Using the above guidelines should prove helpful in assembling the preferred comp set, and will provide the most accurate insight into the current competitive environment.In a follow-up article, we will discuss the best methodology to use to determine how the subject property is positioned relative to the properly chosen comps.

It's great to be able to purchase a 50 unit for $2.5M, but what are you going to do on day 2, when the day to day management/operating expenses begin to surface?

One of the main issues is trading deeds, the deeds are effective when executed, not filed, I understand that one deed may not surface but they could, and the arrangement also circumvents state foreclosure law and rights of redemption.You're absolutely right about an escrow agent filing an interpleader, some simply refuse to perform unless the parties agree and have required the parties to get the direction of the court, this goes on with sale contracts and deposits more often requiring both parties or one to provide a release.

Its kinda artistic but not very good and not really informative.The city also has low interest funds & grants to address commercial structures so I asked for funds to address my structure once demolition of the adjoined structure was complete to which they voted "no".I couldn't understand why they were being so difficult to work with till I had an... emotional conversation with the mayor at which time he said the city might be interested in buying my structure.

Hot surface ignitors don't mix well with grease.The home was rented with no appliances included, and the lease backs that.

If you haven’t been going to REIA meetings or local REI meetups, you haven’t even begun to scratch the surface.