So you may want to take that into consideration if the same law applies where you are when taking down the deck.

Cap rate is only one consideration with strip centers.

That is a huge consideration.

I am looking at areas like University Heights, Mayfield Heights, Parma and Lakewood.

You take into consideration the rental income, purchase price, any repairs and fixup necessary, and the usual expenses associated with a rental property. 

Ian Calderon: (Industry, La Habra Heights, La Mirada, La Puente, Norwalk, Santa Fe Springs, South El Monte, Whittier and the unincorporated communities of Avocado Heights, Bassett, East La Mirada, East Whittier, Los Nietos-West Whittier, South San Jose Hills, South Whittier, and Hacienda Heights) Asm.

Real estate broker'', hereinafter referred to as broker, any person who for another person and for a fee, commission or other valuable consideration, or with the intention or in the expectation or upon the promise of receiving or collecting a fee, commission or other valuable consideration, does any of the following: sells, exchanges, purchases, rents or leases, or negotiates, or offers, attempts or agrees to negotiate the sale, exchange, purchase, rental or leasing of any real estate, or lists or offers, attempts or agrees to list any real estate, or buys or offers to buy, sells or offers to sell or otherwise deals in options on real estate, or advertises or holds himself out as engaged in the business of selling, exchanging, purchasing, renting or leasing real estate, or assists or directs in the procuring of prospects or the negotiation or completion of any agreement or transaction which results or is intended to result in the sale, exchange, purchase, leasing or renting of any real estate.

.- I'm not a fan of the combo MC/light... if one component fails you might have to replace the whole thing... as well, depending on the height of the fixture, the light may not end up being high enough if the mirror is properly placed, or the mirror part too high.- If surface mounted fixtures are placed below the light fixture, but sure that they are compatible in so much as their projections from the wall so that the MC doesn't block the downward light many folks might want when looking in their bathroom mirror (or simply directing bulk of light/heat onto the top of the MC).

All the numbers still work out fine when we take this into consideration.

Sterling Heights and the rest of Metro Detroit is a good area to invest.