And that good luck has meant we haven't had to deal with this before.) 

This isn't meant to discourage you.

Which meant we had to go through the process with planning and zoning to get it reZoned.

I'll have to shop around locally@Chris T.

@Marshall Easlick I'll take a crack, but @Jay Hinrichs will certainly be able to better explain what he meant.

.- In-place Income $60,000/mo.Current Status- Revenue $86,000- T-12 OpEx $430,000 ($36,000/month)- Community Reno complete- 49 Interiors Complete.- 1 interior in process (pre-leased)- Remaining LTL $14,000Upon Completion- Projected Income $100,000- T-12 OpEx $36,000- Projected NOI $64,000Annual ($765,000 annually)Valuation - At 5 cap: $15.3M- At 5.5 cap: $13.9M- At 6 cap: $12.75MBy the time we've recovered the remaining units (12 months or less) and materialized the $14,000 of LTL, we will have increased the NOI from $25,460 at acquisition to over $60,000.

Originally posted by @Jesse T.

After my thanks to Wayne, the rest of my comments were meant to be addressed to the OP, Domonique!

@Elizabeth Colegrove and @Larry T. 

Cashflow Quadrant - same authorOne Minute Millionaire - by Mark Victor HansonSecrets of the Millionaire Mind - by T.