Nail Salons on the other hand are high on the 'e-commerce proof' scale.

I would nail down the lending side of things as one of the 1st items you need to tackle.

You nailed it.

@Nate Smoyer, As a customer I found the features to be mostly comparable for my use with innago, tenantcloud and avail. with 60 units at $5/unit/mo, avail would work out to be more expensive than appfolio or buildium. in avail's favor I found the interface to be more polished than innago and more intuitive than tenantcloud.

If a property has environmental issues, like crack and meth in the walls, the powers that be generally file a notice along with the clean up order nailed to the building, which can be removed.

The value with anything over 5 units is ultimately tied to the rent it DOES produce or when running the numbers what it WILL produce in a conservative estimate in the future.You are saying 300k purchase and 200k in renovations.So you are at maybe a 720k value after rehab which is okay but not a great deal.They key with paying 300 is you have to NAIL EXACTLY the expected rents for fast lease up and the cost to rehab including materials and labor.Add 10% contingency on top of the written estimates.Your seller is saying 300k but I would venture to guess if you came to them with 250k cash staring at them and you said you would walk they would seriously look at it.You have to make sure you buy right and are not taking on an overpriced lemon to turn around.From what you have said you can find better deals.I wouldn't dump 500k cash into something MARGINAL for a deal.

Hi @Deep Patel, Brian hit the nail on the head in his response. 

@Jamison Worst I think @Bob Floss II hit the nail on the head.

@Joedocei Hill, Despite how polished my profile pic looks, I am a total and complete newbie --- so the blind might be leading the blind on this. (1).

@Brian Eastman nailed it for you Jeremy.