We’ve done everything from rim joist, main water lines, all new plumbing.

Joel Owens thanks for the feedback.It’s surrounded by fully developed residential area (SFH/Condos) and only down the street from main entry/exit to a major freeway.

New to REI, but seasoned in software work mainly.

Lots of opportunities to buy great properties if you know what the look for (the sweet spot of property size/features as I like to tell my clients).

Without going into a long winded answer, it sounds like your main concern is that the balance was increased by 25,000 which put your in a less equitable position.

Hi - I do commercial projects mainly, but happy to share some insights with you, I moved here a few years ago from California, you will love it!

I will need some help regarding a variance for a non conforming unit behind the main property. 

@Jorge RuizI feel like the seller's main focus is flipping houses and the 6 month free prop mgmt service is just an add on to sweeten the deal.  

I live in Riverside County as well, so Southern, CA is my main area of focus for investing. 

My understanding/impression is that most of the 15 tenants are in the 700-1500 sq ft. range with the largest space being 2200 sq. ft.The Office Submarket looks as such: Flat capital growth and lease rate growth since the recession13.7% average vacancy rate in submarket 3 star (10.9% across all level properties)Availability rate 13.9%12 month net absorption SF 227kAverage 12 month sales Cap 7.7% (across all star properties)0 new properties under construction or to be delivered in the next 12 months Average lease rates are $22-24 sq. ft (this property is about 21.5-22)Value add (seems to be a stretch but might be):Upgrading interior hallways and exterior for a broader appeal and capital appreciationOffer basic build outs to interested parties (not something the current owners do) Working against the office submarket in North NJ is a declining population.and high property taxes but the 2 star being at the bottom may be better equipped to handle stagnancy.This building is on main road with a15-17k car count a year/ does provide signage is near retail and less than a 1/5 mile off a highway exit and is close to a city center.