In my mind small 20,000 square foot shopping centers would be ideal as far as investment goes but my retail stores need no more than 2000 Sq/Ft.

This new number is now your CPA (cost per acquisition). which means you should be paying no more than $50 to acquire a lead.

With STR In the winter months I about break even or lose a little, June-August I should net between $4,000-$6,000 depending on occupancy 2) Immediate payment by VRBO or Airbnb, no more waiting for the tenants to pay or if they will pay, 3) The revenue stream makes it easier to justify a property manager (or Co-host in Airbnb terms).

I was thinking no more than 140 is that still crazy??

So in the lower and middle segments we are stuck with existing inventory, as no more can be created.

Partial rent to "compensate" for the sewer issue is not an optionThat's your angle...As soon as threats of lawsuits fly, then hire a lawyer and let them do their job...no more contact with them except through the lawyer.You aren't going to WIN this situation...best you can do it stem the $$ damage and move on...fix it and sell it off..... lesson learned

Your max ltv based on the ARV will be no more than 75% (generalization, I know) because this is your first deal. 

@Tanner Micheli, wherever you try to BRRRR, the numbers would still require you to (all-in) bring it up to ARV standard for no more than the percentage of ARV that your Lender (using their appraisal) will lend you.

We owe no more than 35/40 on each.I love owning and managing rentals.

Target price: 9) no more than 2.5m w/a cap rate of 8.96% (less is better of course) 10) 5 year leases in place with gross rent with with 3% annual increases, no cam includedQuestion:  (a) What if anything should I be mindful of in this purchase particular to an office building?