So I've been trying to get a commercial rental listing on a vacant unitthe landlord says that he may want to sell his building and that one of the most attractive parts about his building is that the purchaser can write off or get a rebate on tenant improvements for this vacant unit which is more attractive than having a tenant that pays rent.I am thinking that it would be better to have a tenant that pays rent because the purchaser will likely be a developer that sits on the property and uses the rental income to defray expenses.What do you think?

He was very appreciative and in three months we will sit down with a follow up plan.

When I was underwriting that was always the first question I asked but I can't recall ever seeing a written underwriting requirement to ask.Unfortunately in the claim I described the Grantor claimed she didn't have any of the money left so as it frequently does, it became a matter risk reward, good money after bad type analysis and the company ate the loss. 

You'll really want to sit down with a CPA on this.

And I feel that the majority of the investors are kind of sitting tight on the sidelines, waiting and hoping for a drop in property values. 

Just sitting there rotting away.

It needs no Reno, Its up to the tenant buyer to redo the kitchen if anything but as it sits, the appraisal came in at 191k.

Meanwhile while your sitting around waiting for the flip to get done and spending your money on a contractor you not producing.

Here's some basic information about us and the house we are bidding on:1 north of Lafayette Ave and East of Nostrand Ave. 2 sits on a treeline block with all brownstones.

Your best bet is to sit down with a lender and walk through all your options and see which one fits your situation and circumstance the best.