Plus a nice fat payout from doing it would be nice.

I would design it about twice as wide as the entry door, tighter to the wall, with fat square columns, and either a flat or pitched top with a standing seam roof.One of the issues is the irregular window spacing.

Hi @Micah Bell, I recently purchased an apartment complex in Memphis that came with an existing contract for laundry services.  

Everything you could ever want to know about making fat checks in commercial real estate.

OK - so I'm going to answer your question on the basis of one big fat assumption:You wish to give yourself the best possible chance at earning the best possible ROI that you can work out with reasonable assumptions about rents/cashflow/appreciation. 

Congrats also on doing a solo deal belly to belly with the seller.A couple of my takeaways as a dusty old LL thinking more of selling than buying these days-1) When you sell a property in a different market as an absentee owner, you may be a motivated seller and get creamed by a local investor. 2) Don't accept VA or FHA loans from your buyer.

@Michael Le You're funny...frankenportfolio...I had a good outloud, belly laugh at that one and nobody is even around me right now.

@Mike BellI have comprised a list of more than I can afford as sort of a back up plan.That is a good plan. we only win perhaps a fifth of the properties we bid on.

Commissions are not set, if you and an agent agree on a fat commission (7% vs 5%) on a good deal there is nothing improper about that.

Once I went into bankruptcy to retain our house, I was amazed to find that the one thing I could not liquidate was my timeshare: a luxury item which should be the first thing to go. It's almost as if we're expected to...