He also took the "for sale sign" out of the prop since it was vacant to help reduce offers.

The SELLER's agent MAY (and usually does) "cooperate" and reduce their fee accordingly, but it is NOT automatic.

I would never own a property and rent for $32.00 a month profit.Unless I read your post incorrectly, I wouldn't touch this deal or touch it, but at a much reduced price.

Many "improvements" have zero added value, but will reduce operational expenses by eliminating or reducing piecemeal repairs and costly, inefficient, service calls.I always TRY to offer units that will attract the top 10% of the tenant pool for the price range... you get top rent, fewer headaches, less turnover, and lower overall operating expenses.As regards commercial property--typically this is NET NET NET and improvements are not an issue, other than negotiated TI's for a new tenant.

Tenants rarely follow recommendations for cleaning, and as a result will use abrasive powders or scratch pads which will reduce the life of the surface.

Any down payment or reduced purchase price would affect the cash flow.

Ethanol REDUCES you mileage by about 30%-35%.

You are reducing the stake in the property.

We see trends coming rather than trying to catch the last one; we create our own opportunities and reduce our vulnerability to competitive projects.

It's really about banks getting rid of some thorns in the side and reducing seller financing.