If your going to rent it, I probably wouldnt put in Laminate, renters will inevitably spill water on it and leave it, making it swell..Tiles have worked great in my rentals..The worst is carpet, they can tear brand new carpet up in a year and cost you a lot..

Same income, lower basis, and higher yield on cost, despite lower cap rate.The answer to why value add trades at a lower cap rate than stabilized deals is because buyers are willing to pay a premium for an income stream that they can grow.Furthermore, there is this idea of cap rate compression where as you do renovations on properties, the price would go up and you would compress the cap rate.

As @Marian Huish mentioned, Sothebys and other brokers may have restrictions.If you're looking to grow a sales business, potentially grow a team, limit your liability and overhead while still having ownership of the company, create a passive income stream and retire early, exp is the way to go. 

Had spills, stains, and what should have been scratches.

@Tim W, besides waiting for prices to drop or rentals to increase, what do you suggest we could do for an income stream?

If I understand part of Bob's method it involves having some serious cash reserves or income streams for at least a part of the time. 

in my opinion, it's in between the c area and the A area but hasn't gotten enough of the spill over from the A area yet.  

Overall goal is build wealth for my 5 year old when she gets older as well as create a 3rd stream of income for myself.Have a great day.George Penree

I have pest control company coming out Tuesday along with two contractors to quote the work on replacing rotted 2x4 spill along with the subfloor sections.

Environmental Liability: If there are any environmental issues with the property (ie. underground tanks, prior spills, etc.) you should look into this coverageTwo other points:1.