The specific site condition could change my answer, but generally there may not be anything specific that needs to be done.

Based on your description of the market conditions single family may be the highest and best use of the property. 

Does anyone have a good recommendation for a place in Tallahassee when I can buy used appliances (Stove) that is in "like new" conditions for one of my units. looking for items where they may have a small scratch, or was an open box from a major store etc. 

I will say the countertop is about 10 years old, but was in excellent condition upon move-in.

The reason appreciation is not discussed as much as cash flow is becuase there is no set method/formula for calculating the value of your invesment five, ten, or twenty plus years down the road, this is due to the fact that the property is dependent on market conditions.

But when all the record indicate something different than the actual physical condition you need to figure out why.

I just see it like a co-signer on a residential loan, just different term (maybe even slightly different conditions since it’s non-residential).  

@J Hurwitz, what is condition of property?  

@David Lee Hall, III Yea mine is in similar condition.

We knew no one else could see the potential given its cosmetic condition, and since it had been on and off the market so many times, we negotiated the price down $60,000 from list, and they fixed $10,000 of damage before we closed.