Also, I do not know the market well above $250k retail and am watching areas that typically retail $200k and under.

Tim C.Silver Bay's Investor Presentation is certainly an interesting read, thank you for posting it.Silver Bay will be a fascinating case study to determine if the single family rental business model can be profitable on a massive nationwide scale.

The problem now is that they are priced very close to retail if you are using MLS.

We've constructed and begun work on a massive marketing campaign consisting of direct mail, newspaper ads, magazine ads, internet marketing, business cards and pamphlets at local businesses, cold calling, walking around our neighborhoods looking for properties, and word of mouth and bird dogging.

Of course, you always want to visit the particular street in question to investigate in person.There is actually still some retail activity going on in the Belview Heights area, although not as much as during the boom of course.

This is my first post.I was wondering if it is possible to convert a retail plaza owned by one owner to several retail condos owned by several owners.To do this I was thinking of buying a plaza and before the due diligence phase do all the paper work to convert it to a condo and flip it to individual condo owners who would see value in each of these units.

I don't work with retail buyers but I certainly am happy to point you in the right direction.

I would not do it again for current market prices in that neighborhood.... the buy side is too expensive and the retail prices haven't really caught up yet.Jimmy Hong - That's actually staging equipment we own... it gets stored in our warehouse between use.

Even trying to estimate on a local basis will likely prove fruitless if you don't have a LOT more information.Just some of the things that go into your actual costs will be:- Specific Location- Specific Contractors (Retail or Investor?)

Mind you this is my local market and I know it pretty well. the locations are not terribly dissimilar so I'm guessing some were purchased by investors for a great price and some were bought retail at full price.