Considerations:The building is pre-depression built (1920’s), it is about 400,000sqft across 25 floors, located in a B tier city.

In fact, after seeing the rent rates the thought that popped into my head was "if it were me I'd be sitting fat and happy with that cashflow, but I'd still advertise it for sale at my "make me sell" price and be tickled by the cash-out if it came."

Did you purchase it sit unseen or did you go there to check it out before you made the deal? 

So I'm just sitting and watching until thing become more clear.Good Luck! 

So we can sit and stew.

He has two properties of land (which I have no idea how to analyze land) And he has a property sitting on land with a roofing issue.Focusing on the property with a house on it, I looked it up on appraisal district and it doesn't exist, But if I look it up on zillow and other public MLS portals it does.

Congressman David Schweikert who sits on the House Ways and Means Committee http://go.inland-investments.c... 

It is comfortable to just sit on this property and be basically cash neutral but enjoy the property appreciation. 

So it sits empty which is another debt service issue.I'm waiting to see how COVID shutdowns work out, but if we leave it to govt employees, we'll be in lockdown thru 2021.

In a growth/expansion phase for REI I am never going to let equity sit untapped past yr 7, so the 3yrs is a non issue.