They key is to build a good relationship with the contractors that you are working with. 

So, I'm about to close next week, and I've been looking at commercial properties, specifically 5-8 unit ones.I recently made an offer on an 8-unit building in the Southeast, which seemed like a great deal.

Sure, leveraging in real estate cab be a wonderful wealth-building tool.

Go to BUILD YOUR TEAM at the top of your screen, and you can search for other MEMBERS or LOCAL MEETUPS.

I promise not to disclose this incentive to you.Then the syndicator will generate a 2.5% fee for buying a building, charge you 2.5% for managing the asset, another 2.5% to sell or refinance it. the GP LP carried interest split will be 70/30 on the huge pile of money we will make.

Once they meet your criteria and are ready for the lease it's important to tailor the lease to a co-living space that establishes the rules and responsibilities for shared spaces.

Hi Daniel,Most agents are not investor friendly but it wouldn't hurt you to try to find one to build a relationship with.

Depending on how strict they are, they could make you tear them down or at least bring them up to current code with inspections.You might want to go down to the Building Dept (or call) and ask (without giving an address) what they would recommend.

I see a lot of discussion here about maximizing profits and adding clauses to leases so that tenants take more responsibility for things, but I'm interested to know some advice about how to take better care of tenants to build up a good reputation and practice business in a fair and compassionate way.

However, it will likely lower future cash flow so it is a time-value of money play (and perhaps income tax bracket matching... ie, big deduction during a one-off big income year).Two properties... one with cost seg and one with out will have the same depreciation taken at the end of its life (27.5 or 39.0 years).Also keep in mind that STR usually requires 39.0 years of depreciation for the primary building asset.