Commercial real estate is all I do as a principal broker and look forward to getting up everyday and see what happens.Some residential brokers and agents just see big checks in commercial but do not understand the time and effort that go into deals of that size.Instead of clients putting down 4k to say 100k in residential they are putting down sometimes millions to tens of millions of dollars as an investment.Make sure you enjoy numbers and analysis.

My plan is to to start with all the exterior work first (roof, siding, deck, windows and doors) and make it very attractive at least on the exterior, and begin marketing the house to some home buyers who are looking for a project where they can have their input if they buy. 

I believe they are much simpler rental property with a more cookie cutter approach and can often attract better tenants.

I have joined BiggerPockets to share my commitment and expertise with the BiggerPockets community by offering professional guidance and advice in areas including real estate deals and transactions, business development, and project management strategies to improve outcomes, budget management and customer solutions.As someone who has personally experienced, solved problems and developed projects in the areas of real estate development involving engineering, architecture, construction I welcome conversations in these areas as well as those below: Areas of interest include: pro forma development, technical due diligence, strategy and company growth; development, deals and transactions; portfolio development & management; leasing; construction, engineering and architecture in project design and technical operations.Real Estate, Construction and A/E, project manager, Real Estate Investor with more than twenty years of integrating business, engineering , architectural expertise and real estate development, construction management experience in designing, managing and investing in more than $126.5 million of commercial and multi-family properties and over $100 million in private and municipal projects encompassing design/build, structural, electrical, mechanical/civil engineering and architectural services, construction management, real estate investments, due diligence, pro forma development and financing.

They are on the hunt for money now when in the down turn they were keeping taxes flat because if they raised backed then almost everyone appealed because they were hurting with the economy.Some of my clients have some ongoing appeals right now and the properties are in the tens of millions so the taxes are substantial.       

To bid on the property: Put a 100k in escrow and POF for 3 million by Sunday night.

My investment company typically purchases buy and hold income properties and it's hard not to notice the money left on the table when you make a half million dollar purchase or sale, so I decided to become licensed. 

Anyone from the area have any insight into whether this will make the property much less attractive to renters or less desirable to sell in the future?

I've lived in Bloomington IN as well, and I think that its probably a great market there.I am just looking at this point as I  have no experience at this time and just joined BP.I'm open to learning more, and still have a million questions...

Condo were already move-in ready, so I added value by adding the back-splash, ceramic in kitchen, decorative painting and good staging... so the place we're way more attractive for an end-buyer, but I got a buy and hold investor interested and I had the price at 205 for investors and between $224k and $240k for end-buyer.