Commercial buildings are absolutely valued by the income approach and not comps.

I speak from experience, because my BP and I have been approaching banks in the past two months.

So we do not deliver the actual check until the offers is accepted.The problem with that approach in our area is that the agent will not accept the offer without a check.

I really want to start marketing to owners that have code violations on vacant properties.My question, is what approach do you take?

You have to buy it right, and have 2 things happen: incredible appreciation and increasing occupancy rates.

If you like the "better tenants" and "less management" approach, a simple lease option should suffice.

So, if the investor's intent is to hold the rental property indefinitely, the depreciation approach is irrelevant because it all works out the same in the long run.

I roll down my window as she approaches.

Thanks for agreeing with my approach; O.

Since Vicky implemented this approach our reconciliation of security deposits was almost never questioned and the few times we found ourselves in front of a judge it was a slam dunk on our part.