Maybe I am adjusting to the new normal but in my neck of the woods $1K EM has always worked in the past.

The one I found had been built in 1978, it was an easy build, just an open steel framed building, the kind you hear advertised pretty cheap & a concrete floor, the rink area had a coating over the concrete, but not wood.

Originally posted by @Ed Wood: I get a ton of frustrated investors being beat out by other offers so I thought I would pull a list of Sold, Paid Cash, Fixers list for Orange County CA.

I would just replace the rotten wood, freshen it up with a coat a paint and keep it as a storage shed.

A property on 79th and Wood can be worth significantly lesser than a property on 89th and Wood.

In the insurance sphere, we're seeing huge spreads (by two and three multiples of the premium) on the quotes rated from a single application.

Wait until business is slow and they are hungry and retailers are doing deals to sell product on off peak times.Same thing with A/C companies as these three months are hottest here in Georgia and if the A/C goes out look to pay a premium or the people will not even come out to fix anything.A cheap fix in the situation is to buy a window unit and make it a few months until you do not need an A/C unit but just the heat and then in Spring when times are slow get it fixed or replaced for a deal.

I have owned a lovely old stucco building with lots of classy wood trim and have learned my lesson.

Does your rental have any attributes that will allow it to rent for such a premium?

It's free to post but you should be aware only their premium members can see the property for the first two weeks and then they open it up to everyone.