What year did you purchase this property?

I have been following a Real Estate Guru, Ron LeGrand, for several years and am thinking about purchasing one of his Real Estate Courses.  

Based on the size of the building, it sounds like an older residential building that has converted back and forth several times over the years, making it more likely to encounter the issues mentioned above.

real estate is a great long term wealth builder, but in the short term - 1, 2, 5 years - it actually takes quite a bit of cash and investment, especially in plain, ordinary long term rentals.  

We lived in it as a single family residence and over the years of things that looked like they had been renovated started failing… we realized the owner before seemed to have a slap it together cheaply himself mentality.

Now they have come to realize that the renovation costs are much higher than expected and are looking for suckers who would be willing to pay a lot for buildings that have sat empty for years and have blight liens against them?

It seems that Dollar General, although they decreased # of stores open this year, are a stronger brand than FD/DT.

Key Benefits: First-Year Additional Deductions: The cost segregation study enabled the property owner to claim an extra $215,000 in deductions during the first year.

That's because the Fed only has 8 times it can change rates on any given year (apart from the extraordinarily rare "emergency cut").

Despite the dip in occupancy, rates remained stable or even edged a bit higher compared to last year.