Based on this notion, this rate actually measures value.Now, mechanically you can always reverse the process whereby that same rate converts each dollar of VALUE into n dollar of NOI.

His valuation for the residential land is based on a fixed price per entitled door/unit.If I want to explore retaining control of the commercial piece and go vertical with a leasable commercial space, what would you recommend as the best mechanism for monetizing/cashing out of the residential piece?

I have been putting more emphasis on networking out there and making some connections before I visit again in December.

I am a software development manager with a keen interest in transitioning into the exciting and challenging world of real estate, particularly with an emphasis on rental properties.

Now, a jetted tub doesn't get nearly as many hours on the pumps as either a spa or pool, but its still a complex mechanical device that is going to break.I would never do this in my area because I couldn't get the extra $100 a month.

Up Coding is a section in the Building Code that allows the governing district to ask that all electrical, water and mechanical systems in the house to be brought to current building codes.

Be fair, have boundaries, and communicate what structural/mechanical things you are fixing and which cosmetic items you choose not to. 

The mechanics are that you do a 1031 exchange on the sale because it is an investment property and qualifies for a 1031 exchange. 

I don't know the mechanism which makes you responsible for abiding by the condo docs.

And yet, it doesn't seem to me that this traditional system has a mechanism to handle the pain points that make a wholesale attractive.With license in place, and being a perfectly legal Agent / Broker.....how do we address the need for speed and the other things mentioned.