Lessons learned is that you have to pull the trigger when you find something that meets your standards.

If it doesnt work, simply later put it back to a standard commission and drop the price. 

That is typically considered a separate fee from standard management services. 

If my goal is to rehab up to market standards and therefore market rent; how or is it possible to not kick out existing tenants as l am taking over as the new owner of a multifamily property?

I My lease is the standard NJ realtors standard Form lease.

Hi members, I'm trying to analyze a deal to determine purchase price for a storage facility owned by mom/pop operator in a town with 10k population in AL to place LOI today or tomorrow. only one other facility in town. 

Is there a standard calculation or rule of thumb?

The property realistically needs about 40-50K in renovations to bring it up to really nice standard, but it might over renovate it at that price.

I am debating doing a standard rental (I think I can get over $1,500 for it) or doing an AirBnB. 

Costs are normal, including appraisals, standard fees, and escrow account set-ups.