Spartanburg has of course BMW, Michelin Adidas and several more...Think overall the property is solid as there are some pretty easy value add things you could do here.

The 401k loan rules allow the participant to borrow from the 401k and those borrowed funds can then be used as collateral.

Can you rent them easy as is, or do you need to remodel each unit before renting, etc.

My reading of the rules and regulations led me to believe that the government is trying to force ground rents out of the picture. 

Without knowing the cash flow (in and out) for the year (ie. trailing twelve), you would need to use conservative approaches for determining expenses, such as the 50% rule.

I am very capable in excel, having manually and mentally run the numbers of multifamily units listed online I have found that none of them come close to meeting the 1% rule.

So I am not understanding why they are asking their title company to rule on the request. 

A lot will depend on how easy it is to fish wires through the ceilings and walls.

Plus, it is important to understand where good design can positively affect your ROI.Burlingame is an interesting location for growth with its easy access to regional public transit.

It is easy to tear stuff up, and you will save a pretty penny if you do so.Go to the home depot, home emporium, lowes, lumber liquidators, everywhere and get your prices on paper.Labor is expensive, but if it sounds like a ridiculous number, it probably is.