No bank is going to touch with with a bankruptcy just 3 years ago, and that loan is a huge weight to drag with such low income. 

Are you sure whatever government body is there would approve that?

In most cases when I see some body scaling up rapidly they are playing in C and D type properties, again don't get me wrong more power to you if you can do this but since I am a passive investor I prefer trouble free properties in trouble free areas. 

More weight will be given to the price per unit and/or price per square foot given the size of the building - smaller buildings are weighted more in "price per pound" so to speak.If your intent is to list it and let the market compete (which you should if price is most important) - then your market will affect how much you can pro forma rents.

That is like taking a 5 pound weight and you are swimming and barely get above water for air and another weight that is heavier than before is added onto your neck until you go under.  

David,As a car guy, I'd say that even not running, if it's a mid-70s era two door and the body is in good shape, you could probably still get a couple thousand for it if you post somewhere like classiccars.com.  

I am currently interested in purchasing a city-owned property, but before I send the city a letter of interest I would like to see if anyone on BP has experience purchasing property from a city (Or government body) and what tips they may have.

It's a matter of weighting the pros and cons.

Yes, the WAY, weighted average yield, for the net yield, look to the weighted contribution of cash and leveraged funds to the total.

indexId=spusa-cashpidff--p-us----Thank you though, I am well aware of what a weighted average is and use it on a daily basis.