There's no way I touch any 16% money (except as a lender) even on a good deal.

This is not a repair or a capital expense that will be absorbed in the 50% expense number, except over the EXTREME long term.

Capitalization rate factors in ALL expenses except the mortgage payment.

But here's what I have right now....Asking price: $49,000Comps: $100-110kmonthly gross income: $1050needs new shinglesowner says the building needs "updating" (the outside looks fine to me).key points-rents are currently 20% below markettennants pay all utilities except water and sewerbuilding has electric baseboard heattennants currently have free washer/dryer use (this would change quickly if I purchased, and would provide increased income)I know the first thing I have to do is determine how much updating needs to be done.

You get the same financing as single families with exception for loan limits.

Add a bath if it only has 1, Those are excellent ideas, but not the kind of things that will cause a house to appreciate at higher than market rate, except for the bath.

Nothing, except this property won't cash flow even if you put $200K down.

These rules have to apply to everyone on the property, but you can accomplish quite a bit with this, including (check your local laws) late fee charges, and most other items EXCEPT the term and base rent.

Easy enough except she sprained her ankle.The insurance company was going to pay out something like $5,000 rather than fight the issue.

That's understatement...We lost 4 million manufacturing jobs during the Clinton administration and it has been in a steady decline (I was a EE engineer in my previous life)...I witness a similar decline take place in most parts of Europe (with the exception of the previous country-states of Russia) during the early 2000's...Regards,Scott MillerOriginally posted by "REI":The summary appears to focus more on the office sector within commercial.