Office vs retail?

Cheesecake Factory, Subway, other major retailers tell landlords they can’t pay April rent due to coronavirus.  

You could sell it to a wholesaler or investor at 70% market value with just a video tour but you won’t get a retail buyer.Our plan of action given the current environment is to list the new properties as “coming soon” on Zillow and other sites now with the photos and video tours to gain momentum but we won’t actually list it for sale on MLS until we’re able to get people in to see it. 

If you’re not in the area often then yes, long term rentals may provide more stability for you.Either way, I do recommend that you buy based on reasonable long-term rent #s, not AirBNB #s, since you may not be able to do AirBNB if you’re not actively living in the property.As far as $2500-$3000 per month, if you mean gross rents then yes I think that’s do-able if you have decent-sized and -condition units and especially if you have 3 units with at least 2 beds per unit.Management fees are usually a percentage of collected rents, which is probably also true in NYC. 10% is “common” but some property managers may charge more or less depending on what services they offer, how many units they’d be managing for you (think quantity discount) and what you can negotiate.

I calculate the number of beds it'll fit, and figure out how Hugh Hefner would decorate it if he was going to stay there.

Our states tenants "pay any periodic, preventive, or additional extermination costs desired by Tenant, including treatment for bed bugs, unless otherwise required by law".If they've been a problem tenant for years then it might be time to find another tenant..

In the area I invest in some people are quitting their jobs because they do not want to work--the grocery store, food places doing drive up deliveries, no eat in is allowed in this state, retail stores like Lowes and Walmart. 

master bed beforeYes, here master bed afterare some before and after photos:

I would not buy commercial real estate property at retail prices and expect a massive discount!

Ten minutes ago some of our brand new inherited tenants left here with a pickup truck containing a bunk bed set (and four twin mattresses total), a dresser, a new burner pan for their range and a toilet flush handle so they can replace the shoestring they're using to pull up the flapper.