So he hired guys who did.So go to a REIA meeting in your area take a friend for support, great advice @Corey Hawkinson meet one person thats it. no pressure.

@Mike Dugan - I am a realtor and investor in Grand Rapids and I would recommend you contact Independent Bank - They are a local bank and have a commercial dept and have the ability to do portfolio loans and you won't get gauged with outrageous interest rates.

Hi All, I wanted to gauge some interest / feedback on here before I go forth with a potential off-market deal that I have before me. 

. - Old windows, old roof, structural issues, age of plumbing, electrical- I calculate Cap, NOI, GRM, CoC but they never really give me much more than a standard 3% Cap, 1.5% CoC ball parck.In residential its so much easier as you can look at the historic property sale prices to get a gauge of where it has come from but with commercial there is no way to see it unless you ask the broker. 

What formula is best for trying to gauge your ROI of the amount you invest to improve a property. 

I know that water lines did not hold pressure so there were leaks at some point due to improper winterization.

But I was thinking of using a VA to do first touches to gauge interest and then personally call the people that are interested.

I gauge market changes this way.

Found out a few mths ago that the "low water pressure" in the building wasn't just a simple "rodding out" as I was originally told.

That said, if it is seen as successful, there will be pressure on cities to follow.This rent freeze is reported to be within the Costa-Hawkins restrictions, and only applies to apartments built before 1995.