On the second renewal we give them a small discount as a symbol of appreciation and also to help make their decision to stay easier.

He said well he couldn't judge by appearances so he wouldn't really want to say; I agree you can't always tell but many times you can.

Without any other details, it just seems easier to me, if you are set on buying property like that

What I like about commercial real estate is that it appears to be more of an overall learning experience rather than mostly financial as with CRE financing. 

Cash buyers, or those using hard money lenders, are much easier to deal with.I wouldn't be too concerned, though. 

Those random unicorns may appear but you have to have patience and be looking for them constantly and ready to make an offer the second they appear, otherwise they will be gone before you even knew they existed.

You're absolutely right@Bin Chen Yes, I've already been to housing court with one bad tenant, it was a nightmare, the only smart thing I did was refuse to renew the lease, this tenant is month to month, if push comes to shove I'm hoping it will make it a teenier bit easier to get her out.

It appears the Cap rate is too low and the lagoon situation is very undesirable. 

Appreciation there lags the rest of the city but during down trends it appears to not drop as rapidly.

I'm assessing another property and it doesn't appear to be as good of a deal ($80k $900/month) but in an area with exciting developments and higher potential for increase in value.